Some traders start calling stock market rout a 'crash'
By Jeffrey Stinson and Paul Wiseman, USA TODAY
NEW YORK — In another roller-coaster day on Wall Street, stocks continued their historic downward plunge as investors fled stocks to get out of the way of a bruising bear market that some traders are now describing as a crash.
The heavy selling carried over from Thursday's late-day plunge to the start of trading Friday. The Dow Jones industrial average plunged almost 700 points right at the open, mounted a full recovery that put the Dow in the black for a few minutes, before selling off again. At 2:00 ET, the Dow was down 556 points to 8023, extending its year-to-date losses to 39.5%.
Read Article: USA TODAY
Posted by: Phoenix Arizona Personal Injury Attorneys and Lawyers
Friday, October 10, 2008
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