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Wall Street Breakfast: Must-Know News
Posted on October 10, 2008
How low can they go? A end-of-day selloff pinned U.S. markets with brutal losses as investor pessimism continues to outdo the bleakest of forecasts. The Dow fell 678.91 points (-7.33%) to 8579.19, S&P's 500 index dumped 72.02 points (-7.62%) to 909.92, while the Nasdaq fell a 'milder' 95.2 points (-5.47%) to 1645. Global markets followed suit overnight, with Tokyo's Nikkei falling 9.6% to its lowest level since 2003, and deep losses in early European trading. The severe downturn is rapidly destroying global wealth: U.S. stocks shed $872B in market value on Thursday, $2.5T over the last s...
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