Dow Plummets 370+ Weak data, quarterly reports contribute to gloom By Newser Editors and Wire Services Posted Jan 27, 2015 9:54 AM CST 10 comments Comments Traders Gordon Charlop, left, and Peter Tuchman work on the floor of the New York Stock Exchange in this file photo. (AP Photo/Richard Drew) (Newser) – It's a miserable day on Wall Street so far, with the Dow plunging more than 370 points about an hour after the open. MarketWatch says one of the driving factors is a weak report on durable-goods orders, which suggests that businesses are worried about a slowdown rather than investing in growth. Also not helping: disappointing quarterly results from a slew of blue-chip companies, reports the Wall Street Journal. The Nasdaq and S&P 500 were down 2.2% and 1.7% respectively.