The Dow Jones industrial average tumbled 436 points, or 4 percent, to 10,208.25 as investors chose to take whatever profits they'd amassed in the blue chips and run. After breaking through the 5,000-point threshold in March 2000, the Nasdaq has lost more than 60 percent of its value in the past year.
Investor sentiment is extremely negative right now.
It announced Friday that it would eliminate as many as 8,000 jobs. Staff and Reuters contributed to this report. Inc. All rights reserved.