David Kirkpatrick

October 9, 2008

Brutal day on Wall Street

Filed under: Business — Tags: , , , — David Kirkpatrick @ 6:33 pm

Very brutal.

From the link:

Stocks fell sharply in late afternoon trading in New York on Thursday as concerns about the global financial system mounted and investors priced in a deep recession.

The Standard & Poor’s 500 stock index was down nearly 7.6 percent and the Dow Jones industrial average was down 678.91 points, or about 7.3 percent, both posting one of their worst days in post-war history. The Nasdaq composite was down 5.4 percent.

Wells Fargo, Morgan Stanley and other bank stocks were among the biggest losers and the financial sector as a whole was down nearly 11 percent in late afternoon trading. But the major indexes were also pulled down by big drops in stocks like Exxon Mobil, General Electric and Chevron.

1 Comment »

  1. […] & Poor’s 500, Wall Street, Wall Street Journal — davidkirkpatrick @ 1:42 pm Maybe not as bad as yesterday, but mid-afternoon numbers don’t look too […]

    Pingback by Looks like another tough day on Wall Street « David Kirkpatrick — October 10, 2008 @ 1:42 pm

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