Late selloff

On Friday, the Dow Jones Industrial Average ended down 171.44 points, or 1.4%, at 12207.17 despite strong profit reports from components Microsoft, Caterpillar and Honeywell International. The late selloff off seemed to spur from many investors who feel that their is more bad signals from the U.S. economy to come. "The market is still in a very fragile state," said Peter Cardillo, chief market economist at Avalon Partners. "Everyone is trying to catch his breath. There's nervousness about where the economic data will point." DJIA -171.44 Nasdaq -34.72 S&P 500 -21.46