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Dow Down 100 at Open

S&P 500, Nasdaq follow suit

By Evann Gastaldo, Newser Staff

Posted Aug 19, 2011 8:39 AM CDT

(Newser) – No major relief for the markets today, at least not so far: The Dow was down about 100 points at open, resting below 10,900, according to MarketWatch. The S&P 500 and Nasdaq were also down, 7 points and 5 points, respectively. And the news from abroad isn't any cheerier...

In this Aug. 18, 2011 photo, trader Lewis Vande Pallen, center, works on the floor of the New York Stock Exchange. (AP Photo/Richard Drew)

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COMMENTS

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Showing 2 of 2 comments

sidewinder

Aug 20, 2011 6:30 AM CDT

It dropped again? What happened, did Obama make another speech?

carbonatedturtle

Aug 19, 2011 3:42 PM CDT

Okay, I think I've got this figured out. Everyone freaks out and sells when forecasters predict a market crash. Then the forecasters go in and buy all they want at a much lower price than they would have had to the day before. Once the market stabilizes again they just rinse and repeat.

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Dow Plunges 480+, Below 11K

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(NEWSER) - The Dow plunged more than 300 points at the open today, and dropped almost 500 before retreating, as investors worried about Europe and the global economy. It's currently hovering just below 11,000, according to Marketwatch . The S&P 500 also dropped 48 points to 1,146, while the Nasdaq fell 115 points to 2,397. The Wall Street Journal notes that, in particular, Bank of America and HP shares tumbled. More»

Dow Rises 100+ on Retail Sales Report

S&P 500, Nasdaq also rise

(NEWSER) - Markets are up, at least for now: The Dow was up more than 100 points at open, with the S&P 500 and Nasdaq following suit, up about 11 and 13 points, respectively, MarketWatch reports. An upbeat report on retail sales no doubt prodded stocks upward: July sales rose a seasonally adjusted 0.5%, their biggest gain in four months. Currently the Dow is hovering in the 11,200 range. More»

Dow Drops 300+ Points

Investors worried about Europe again

(NEWSER) - President Obama might be getting good reviews for his plan to shore up the US economy, but investors are far more worried about Europe, reports MarketWatch . The Dow was down more than 300 points at midday to below 11,000, and both Nasdaq and the S&P 500 were each down more than 2.6%. A Bloomberg report that Germany is preparing a contingency plan to protect its banks from a Greece default is contributing to the malaise. More»

Dow Rises 61 After Seesaw Day

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Dow Plummets 513

All major indexes are in negative territory for the year

(NEWSER) - The only good thing to say about today's stock market is that it's finally over. The Dow fell a staggering 513 points, or 4.3%, to close at 11,384. It's the worst point drop since December 2008 and the worst percentage drop since February 2009, reports MarketWatch . The S&P 500 plunged 60, or nearly 5%, and NASDAQ dropped 137, about 5%. All three major indexes are now in the red for the year. More»

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Dow Down 100 at Open

S&P 500, Nasdaq follow suit

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Dow Plunges 480+, Below 11K

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