Monday, August 08, 2011

DOW Down 634

The Dow Jones Industrial Average lost 634 points in today's session on Wall Street, the second time Dow Jones has lost 500+ points in just three sessions, as a result of S&P downgrading America's once golden AAA credit rating to AA+ on Friday night.

Nasdaq lost 174 points and S&P 500 lost 79.

This is one of the worst downfalls on Wall Street since the economic collapse in October of 2008, but the market is responding to something far worse than the housing bubble this time - and hopefully we can stop the downfall before it's too late.

What say you?

No comments:

Post a Comment