Licking their wounds after stiff losses, jittery investors will be looking for relief next week in the form of reassurance that the U.S. economy will keep growing at a moderate pace.
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A more than 100-point decline in the Dow Jones industrial average on Friday capped the worst week for stocks in 4 1 2 years.
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Wall Street got a rude awakening this week that U.S. investors remain vulnerable to global stock shocks.
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Investors should reduce stock holdings and buy government bonds because the current market sell-off is not over, said Dresdner Kleinwort, one of the top-ranked strategists in the world.
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BEIJING and TORONTO - A few hundred small-time traders in ski jackets and baseball caps are crowded into a shabby hall in central Beijing, puffing on cigarettes and noisily kibitzing.
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