From the Wall Street Journal:
Markets remained locked in a familiar pattern on Friday as an early stock rally evaporated nearly as quickly as it began, leaving indexes near their worst levels in more than 12 years.
At 11:00 a.m., the Dow Jones Industrial Average was down 45 points, giving up all of its early triple-digit advance. American Express, General Motors and Hewlett-Packard were among the companies pulling down the benchmark. The S&P 500-stock index sank about 0.4% while the Nasdaq Composite Index slid 1.2%....
...Stocks have lost $11 trillion in market value since the October 2007 peak, based on the Dow Jones Wilshire 5000 index, which includes nearly every U.S.-listed stock. Losses since the start of 2009 are $2.6 trillion. Nearly half of all stocks in the index are now trading at less than $5, and 37% are under $3....MORE