Stocks rally late after free fall
After a big global sell-off overnight, the Dow Jones has dipped below 10,000 and is still falling (down 369 points, or 3.58%), and the S&P 500 and Nasdaq are off even more sharply.
UPDATE, 12:30 PM: Dow down 492.86 (4.77%). S&P down 58.17 (5.29%). Nasdaq down 110.17 (5.66%). Youngblai e-mails, "I'm not saying I'd hit the panic button yet...but I just might find that SOB."
UPDATE, 4:35 PM: The Dow dropped as low as 9,525.32, a fall of 797.20 points (7.7%), but rallied to finish down "only" 369.88 points (3.6%). The S&P also recovered from an intra-day low of -89.59 (-8.2%) to finish a mere 42.34 (3.85%) below its opening price.
See? The stock market is fine! ...
[Post bumped to top. Originally posted at 10:18 AM.]
UPDATE, 12:30 PM: Dow down 492.86 (4.77%). S&P down 58.17 (5.29%). Nasdaq down 110.17 (5.66%). Youngblai e-mails, "I'm not saying I'd hit the panic button yet...but I just might find that SOB."
UPDATE, 4:35 PM: The Dow dropped as low as 9,525.32, a fall of 797.20 points (7.7%), but rallied to finish down "only" 369.88 points (3.6%). The S&P also recovered from an intra-day low of -89.59 (-8.2%) to finish a mere 42.34 (3.85%) below its opening price.
See? The stock market is fine! ...
[Post bumped to top. Originally posted at 10:18 AM.]
posted by Brendan Loy at
10/06/2008 12:30:00 PM
