Dow Ends Down Another 500 Points

Uglier and uglier. Can we find the bottom of this thing, please?

The misery worsened on Wall Street Tuesday, with stocks piling on the losses late in the session and bringing the two-day decline in the Dow Jones industrials to more than 875 points amid escalating worries about credit markets and financial sector. The Dow lost more than 500 points and all the major indexes slid more than 5 percent.

Steps by the Federal Reserve to reinvigorate the dormant credit markets ultimately weren’t enough to calm nervous investors. News about financial companies only added to their despondent mood.

Meanwhile, Arkansas stocks take it on the chin, and Acxiom (Nasdaq: ACXM) leads the way, down almost 10 percent.

Fortunately, we’ve got two solid, hopeful presidential candidates set to debate tonight, and no doubt they’ll have some comforting words for us, right? Right?

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One Response

  1. […] Round 2: The Economy Dominates Posted on October 7, 2008 by lanceturner It was fitting, on a day that saw the Dow drop another 500 points amid frozen credit markets and investor fear, that John McCain and Barack Obama spent the first 45 minutes of their second 90-minute debate […]

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