This week was one of the year's worst for the stock market as weak consumer spending and poor retail earnings spooked investors — and possibly closed the door on this year's batch of initial public offerings. The Dow Jones industrial average fell more than 1% on Friday, leading to a 665-point loss for the week. That was exceeded only by a loss of more than 1,000 points during one week in August in the midst of the market's wild reactions to the slowing Chinese economy. This week's move into negative territory broke a six-week string of consecutive market gains and couldn't have been worse news for companies seeking to go public before the end of the year. Investors were already uneasy...
↧