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Rally Over; Dow Down 300

Post-Holiday session no good
By Kevin Spak,  Newser Staff
Posted Dec 1, 2008 8:52 AM CST
Rally Over; Dow Down 300
Specialists work on the floor of the New York Stock Exchange, Tuesday Nov. 25, 2008.   (AP Photo/Richard Drew)

(Newser) – Stocks plunged this morning, giving back a big chunk of last week’s big rally. The Dow dropped 350 points, while the S&P and Nasdaq gave up 41 and 65 points respectively. “Investors are saying in these turbulent times it is best to take what comes your way,” said one strategist. A number of economic indicators are expected this week, including a big nonfarm payroll report Friday, and few expect good news. (Read more stock market stories.)

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