Stocks plunged in the final hour of trading Thursday, sending the Dow Jones industrial average down more than 675 points, or more than 7 percent, to 8579.19 – falling for the seventh straight day, or more than 20% over that stretch.
The S&P 500 Index retreated for a seventh day, losing 75.02 points, or 7.6 percent, to 909.92 to cap its longest streak of daily declines since 1996. The Nasdaq Composite Index decreased 5.5 percent to 1,645.12. Twenty stocks fell for each that rose on the New York Stock Exchange.
(Wall Street Journal / Bloomberg)
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3 Responses
It’s clear thaat this sudden and painful economic downturn will play into the hands of Obama. It looks like that “Min Hashamim” want Obama do be the next president of the U.S.
Do not listen to your stock broker, they NEVER tell you when to get out. There is still time to sell your positions. do not wait. this is going to last for a long time, and will tire most people out, not only due to the decline, but mainly to the amount of time it will last.
good luck
YW editor:
I think ‘dips below 9K’ would imply something closer 8900 range.