Unrest in Egypt has replaced Europe's debt crisis as a flash point for markets, and any unfolding developments there will no doubt affect trading in the week ahead.
Clashes between protesters and authorities intensified Friday, as the government deployed the Army against civilians in the street for the first time in 25 years. The anti-government uprising caught the attention of financial markets in the fourth day of protests Friday, triggering a jump in oil prices and rush to safe-haven assets, like gold, Treasurys and the dollar.
The Dow fell 1.4 percent Friday to 11,823, in the same week it reached 12,000 for the first time in nearly three years.
For the week, the Dow was down 0.4 percent, its first weekly loss in two months, and the S&P 500 was down 0.6 percent to 1276. The S&P fell 1.8 percent Friday, its worse decline since Aug. 11. The Nasdaq, down just 2 points for the week, fell an outsized 2.5 percent, or 68 points Friday, to 2686, as tech stocks took a major hit. Many traders and analysts had been expecting a pull back in stocks, and some said this could be the start of a several percent sell off.
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