NEW YORK (AP) -- Wall Street has finished sharply lower as investors digested more signs of economic weakness, including a huge round of layoffs at a key company in the financial sector.
After a turbulent week that sent the Dow Jones industrials down nearly 340 points, investors found few positives in the latest news, even shrugging off a better-than-expected reading on industrial production.
Stocks zigzagged throughout the session before finishing sharply lower.
In a signal that banks are still struggling, Citigroup Inc. is cutting another 53,000 jobs in the coming quarters.
The Dow Jones industrials finished down 231 points at the 8,265 level.
Can't Find Something?
5727 Tokay Blvd., Madison, WI 53719
News Tips: 608-273-2727 or email@example.com