Weekly market recap
The major averages last week posted their biggest weekly declines since late January. The $Dow Jones Industrial Average (.DJI.US)$ and $S&P 500 Index (.SPX.US)$ fell 4.6% and 5.1%, respectively, while the $Nasdaq Composite Index (.IXIC.US)$ lost 5.6%.
Stocks have had a tough year as recession fears rise along with consumer prices. The S&P 500 is down 18.2% year to date through Friday's close. It's also 19.1% below an intraday...