Bank news sends stocks into retreat
The Dow Jones industrial average had its first triple-digit drop of 2010 as mounting losses from loans at JPMorgan Chase & Co. and disappointing consumer data sent investors rushing from stocks.
Financials led the market lower Friday, pulling major indexes down about 1 percent from 15-month highs. The Dow fell 100.90 points, or 0.9 percent, to 10,609.65, the biggest drop since it lost 120 points on the final day of 2009. The Standard & Poor's 500 index fell 12.43, or 1.1 percent, to 1,136.03, and the Nasdaq composite index fell 28.75, or 1.2 percent, to 2,287.99. The yield on the 10-year Treasury note fell to 3.68 percent from 3.74 percent. - AP

Put a little love in your heart with the NewsdayTV Valentine's Day Special! From Love Lane in Mattituck, NewsdayTV's Elisa DiStefano and Newsday deputy lifestyle editor Meghan Giannotta have your look at ways to celebrate Valentine's Day this year.

Put a little love in your heart with the NewsdayTV Valentine's Day Special! From Love Lane in Mattituck, NewsdayTV's Elisa DiStefano and Newsday deputy lifestyle editor Meghan Giannotta have your look at ways to celebrate Valentine's Day this year.