U.S. stocks sharply lower, Dow hit with 4.2% weekly losses

4:30 pm ET Jul 27, 2007

DJIA

13,265

-208.10

S&P

1,458

-23.69

NASDAQ

2,562

-37.10

10Yr

4.79%

+0.011

U.S. stocks sharply lower, Dow hit with 4.2% weekly losses

NEW YORK
U.S. stocks accelerated their losses into Friday's close as ongoing
worries about deal-financing overshadowed largely positive economic
data, with the Dow losing more than 200 points to close with weekly
losses of more than 4%.

Corporate bond markets volatile as rough week winds up

NEW YORK
The corporate-bond market remained shaky Friday after a morning effort
at stabilization gave way to volatility and fairly heavy selling, as a
very rough week for the debt markets drew to a close with fresh rumors
about hedge-fund troubles.

MarketWatch First Take: Blackstone's fall signals the end for
alternative investments

NEW YORK
Blackstone Group LP's June offering was the first mainstream initial
public offering for a private equity fund. It also may have been the
last.

Economic Report: U.S. second-quarter GDP rises 3.4%, fastest since early
2006

WASHINGTON
After hitting a pothole in the first quarter, the U.S. economy rebounded
in the second quarter, growing at an annual rate of 3.4%, the fastest
pace since the first quarter of 2006, the Commerce Department said
Friday.