xcel
10-10-2008, 10:48 AM
Major U.S. indexes opened sharply lower Friday as markets in Europe and Asia reeled. (http://online.wsj.com/article/SB122363315976122397.html)
http://www.cleanmpg.com/photos/data/501/Stock_Market_Tumbles.jpgWSJ – Oct. 10, 2008
New York Stock Exchange floor Traders watch as stocks tumble
Besides the President looking foolish during the Emergency Press conference this morning, the only thing good about any of this is oil fell below $80/barrel. -- Ed.
Stocks moved toward the end of a tumultuous week with yet another volatile trading session on Friday.
The Dow Jones Industrial Average fell more than 600 points shortly after the opening bell, sliding below the 8000 mark intraday for the first time since April 1, 2003.
But the blue-chip measure appeared to stabilize in recent trading and was down by just 90 points as some investors stepped in to snap up financial stocks. A cheer went up on the floor of the New York Stock Exchange as stocks began to steam off their lows. The S&P 500's financial sector rose 5% in recent trading. Basic materials and technology stocks were also higher...
The losses for U.S. stocks followed a plunge Friday in international markets, which itself came after a late-day rout Thursday in the U.S. In Asia, Tokyo's Nikkei Index dropped 881.06 points, or 9.6%, to 8276.43, its lowest level since May 2003. Since the start of this week, the benchmark index has lost 24% of its value… http://www.businessweek.com/investor/content/oct2008/pi20081010_527955.htm?chan=top+news_top+news+index+-+temp_top+story
http://www.cleanmpg.com/photos/data/501/Stock_Market_Tumbles.jpgWSJ – Oct. 10, 2008
New York Stock Exchange floor Traders watch as stocks tumble
Besides the President looking foolish during the Emergency Press conference this morning, the only thing good about any of this is oil fell below $80/barrel. -- Ed.
Stocks moved toward the end of a tumultuous week with yet another volatile trading session on Friday.
The Dow Jones Industrial Average fell more than 600 points shortly after the opening bell, sliding below the 8000 mark intraday for the first time since April 1, 2003.
But the blue-chip measure appeared to stabilize in recent trading and was down by just 90 points as some investors stepped in to snap up financial stocks. A cheer went up on the floor of the New York Stock Exchange as stocks began to steam off their lows. The S&P 500's financial sector rose 5% in recent trading. Basic materials and technology stocks were also higher...
The losses for U.S. stocks followed a plunge Friday in international markets, which itself came after a late-day rout Thursday in the U.S. In Asia, Tokyo's Nikkei Index dropped 881.06 points, or 9.6%, to 8276.43, its lowest level since May 2003. Since the start of this week, the benchmark index has lost 24% of its value… http://www.businessweek.com/investor/content/oct2008/pi20081010_527955.htm?chan=top+news_top+news+index+-+temp_top+story