Fed Keeps Pedal to the Metal As Egypt Unrest Weighs on Markets

Fed Keeps Pedal to the Metal As Egypt Unrest Weighs on Markets

By Jon D. Markman, Contributing Writer, Money Morning

Stocks swaggered through the first four days of the past week with their usual devil-may-care attitude, then tripped into the final three hours on Friday amid scenes of civil unrest in Egypt. At the final count, theDow Jones Industrialsclosed down Friday by 1.4%, theS&P 500fell 1.8%, theNasdaqfell 2.5% and theRussell 2000small-caps sank 2.5%.