Skip to: Content
Skip to: Site Navigation
Skip to: Search

October 13, 2008 8:13:36 AM CDT

Learn about Newser Points »

« Back to the grid | Next story »

Stocks Plummet in Worldwide Selloff

Posted Sep 5, 07 4:02 PM CDT in US,  Business 

(Newser) – After 3 days of good news, stocks took a plunge today. “There’s a whole litany of negative news,” said one analyst. “Bodies keep washing ashore" from the subprime crisis. The Dow lost 143.39 to close at 13,305.47, with the S&P 500 down 17.13 to 1,472.29 and the Nasdaq falling 24.29 to 2,605.95, drops mirrored by European and Asian stocks.

All 10 industry groups in the S&P fell after two days of optimism following the Fed’s promise to remain active, Bloomberg reports. The index fluctuated by more than a percent for the sixth day in a row. That volatility pushed US Treasuries up as investors sought low-risk bonds. Meanwhile, August’s job growth numbers were the slowest in 4 years.

Source Bloomberg

0 comments | Print E-mail | Digg Seed this on Newsvine Add this link to Del.icio.us StumbleUpon

Related Newser Stories

  • Wild Swings End Ruinous Week

    Oct 10, 08 3:46 PM CDT
    Wild Swings End Ruinous Week Stocks swung erratically at the conclusion of today's trading session, with the Dow rebounding from a dip below 8,000 on an early 700-point plunge and making a quick trip into positive territory. The Dow and S&P 500 eventually recorded their worst weekly drops on record. The Dow fell 128.00 to 8,451.19. The Nasdaq actually gained 4.39, closing at 1,649.51, and the S&P 500 lost 10.70, settling at 899.22.
    More »

  • Dow Falls 678 to Sub-9,000 Close

    Oct 9, 08 3:32 PM CDT
    Dow Falls 678 to Sub-9,000 Close Stocks plunged in the last hours of trading today as a number of government moves did little to shore up investors' confidence, MarketWatch reports. The Dow’s losses accelerated sharply after it dropped below the psychological threshold of 9,000 points. It closed down 678.91 at 8,579.19; the Nasdaq lost 95.21, closing at 1,645.12, and the S&P 500 fell 75.02 to 909.92.
    More »

  • Stocks Fall 189 Despite Rate Cut

    Oct 8, 08 3:24 PM CDT
    Stocks Fall 189 Despite Rate Cut Stocks fell nearly 190 points in a volatile day, with investors showing mixed opinions on whether an unprecedented global rate cut by the Fed and foreign central banks would help the credit crisis. After swinging in a 433-point range, the Dow closed down 189.01 points at 9,258.10, MarketWatch reports. The Nasdaq lost 14.55 points, closing at 1,740.33, and the S&P 500 fell 11.29 points to 984.94.
    More »

  • It Hasn't Been This Bad Since 1937

    Oct 8, 08 8:29 AM CDT
    It Hasn't Been This Bad Since 1937 With investors unconvinced the government’s $700 billion bailout or the Fed’s new plan to buy commercial paper will thaw frozen credit markets, markets remained trapped in “a downward spiral of fear,” reports BusinessWeek. The Dow’s 29% loss this year is its worst since 1937’s 32.8% drop. But it still has a ways to fall before it outdoes the market’s worst year ever: 1931 when the Dow plunged 52.7%.
    More »

  • Dow Drops 508 Points

    Oct 7, 08 3:31 PM CDT
    Dow Drops 508 Points Stocks plummeted today, as actions by the Federal Reserve to prop up the commercial-paper market and hints of an interest-rate cut from Ben Bernanke failed to restore investors’ confidence, the Wall Street Journal reports. The Dow fell 508.39 to 9,447.11. The Nasdaq shed 108.08, closing at 1,754.88, and the S&P 500 lost 60.66 to settle at 996.23. More »

As pedestrians walk the sidewalk below, news of the day's activity at the New York Stock Exchange crawls across digital news reader on a Times Square building in New York, Friday, Aug. 3, 2007. Wall Street...   (Associated Press)
A board on the floor of New York Stock Exchange, Thursday, July 26, 2007, shows the closing numbers. Wall Street suffered one of its worst losses of 2007 Thursday, leading a global stock market plunge...   (Associated Press)
Traders and Specialists work the trading floor of the New York Stock Exchange, early Friday, Aug. 17, 2007. Stocks soared Friday, propelling the Dow Jones industrials up more than 180 points, after the...   (Associated Press)
« Prev« Prev | Next »Next » Slideshow
Our editors also recommend:

Related Links

Threads (
1
 of 3)

Tags

Dow Jones  • stock market  • Federal Reserve  • S&P 500  • Nasdaq  • stocks


Loading...

Premium Articles from HighBeam

Find more articles like this

Today's Most Popular

Loading...

Other Business Stories

What is Newser?

2008 Codie Finalist

Newser gives you more news in less time. We search for the best and most important stories all over the web, read them for you, and deliver concise and sharp summaries—along with links to the full text. Newser provides a way to stay on top of an ever-expanding horizon of news and opinion—politics, sports, business, trends, technology, personalities, crimes, and controversies. Newser keeps you not just better informed, but, with our signature graphic interface and smart condensed format, more enjoyably informed.

Learn more »