That 3% APR growth is bogus as a three-dollar bill , fellas:

gauges tumble on worries about earnings growth, energy prices. Dow down 1%, Nasdaq falls 2%.
October 22, 2004: 6:41 PM EDT
By Alexandra Twin, CNN/Money Staff Writer





NEW YORK (CNN/Money) - Stocks slumped Friday, with the Dow falling to its lowest level in nearly 11 months, on fears about rising oil prices and the outlook for corporate profits.


The Dow Jones industrial average (down 107.95 to 9,757.81, Charts) lost 1.1 percent, closing at its lowest point since late November 2003.


The broader Standard & Poor's 500 (down 10.75 to 1,095.74, Charts) index lost around 1 percent and the Nasdaq composite (down 38.48 to 1,915.14, Charts) fell 2 percent.