The stock market sank Friday into its worst three-day slide since the depths of last year’s financial crisis, stung by deepening concern about President Barack Obama’s bank-regulation plan and fresh economic doubts.
The Dow Jones industrial average sank more than 200 points – its third triple-digit loss in a row.
The index has fallen 5.2 percent from its 15-month-high set Tuesday. It was the Dow’s worst three-day drop since the furious sell-off last March, which marked the end of the bear market and the launch of a powerful rally that had been in place until this week.
Losses were broad-based, with technology and financial stocks leading the way down. Obama’s plan to place new restrictions on banks continued to stir concern about Wall Street earnings. Worries about China’s effort to moderate its economic growth also has hurt stocks.
