Stocks skidded Friday as concern swept world markets that financial trouble in the Middle Eastern city-state of Dubai will upend a global economic recovery.Major stock indexes fell more than 1 percent from 13-month highs, including the Dow Jones industrial average, which lost 155 points in a shortened trading day but ended off its worst levels. Five stocks still fell for every one that rose at the New York Stock Exchange and all 30 stocks that make up the Dow slid.
Investors' broad retreat from riskier assets pushed Treasury prices higher. The dollar gained against most other major currencies as investors sought safety following steep drops in overseas markets. Commodities prices tumbled.
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