Stocks lose ground after up and down day

October 27, 2008 1:20:21 PM PDT
Stocks closed with losses, capping a session where the key averages spent time in both negative and positive territory. The Dow fell 203 points to 8,175.

The S&P dropped nearly 28 points or more than 3 percent to 848.

And the Nasdaq composite lost 46 points to 1,505.

On the New York Stock Exchange, declining issues outnumbered advancers by a 4-1 margin.

Volume on the NYSE was 5.4 billion shares. Nasdaq stock market volume was 2.2 billion shares.