[b]Stocks end at 12-year lows
NEW YORK (CNNMoney.com) -- Stocks tumbled Friday on worries about the government taking a bigger chunk of Citigroup and a bleak reading on the economy, again touching 12-year lows.
The Dow Jones industrial average (INDU) lost 119 points, or 1.7%, according to early tallies. It was the lowest close since May 1, 1997.
The S&P 500 (SPX) index lost 18 points, or 2.4%, closing at its lowest point since Dec. 18, 1996.
The Nasdaq composite (COMP) lost 13.5 points, or 1%. The tech-fueled Nasdaq has held up better than the other major averages this year and remains above its lows from Nov. 21, 2008.
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