Word: nasdaq
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...slid more than 400 points and the NASDAQ more than 100, and if you?re looking for trends, the only thing worse than two straight days of hard-and-fast selling is two days of hard-and-fast selling sandwiched around a deep breath...
...nation's unemployment rate, which had remained steady--and low--while other indicators turned bleak, leaped to 4.9% on Friday, its highest level in four years. Wall Street was raining red arrows as the Dow lost 427 points in just two days--3.5% for the week--while the NASDAQ fell 6.5%. At a noon meeting in chief of staff Andy Card's office, top Bush aides decided to clear the President's afternoon schedule and dispatched him, grim faced, to the South Lawn of the White House to reassure Americans--and the markets--that he was "deeply concerned." They summoned...
...cranky schoolteacher back from summer break. Five months after what just about everyone figured was a bottom, stock indexes are plunging anew. Last week the Standard & Poor's 500 dipped below its April 4 low, and it has now erased more than three years' worth of gains. The NASDAQ and Dow are flirting with their April lows...
...They have lost," Grasso said before the bell. Then maybe you had to wonder. Investors lopped 600 points off the Dow and 100 off the NASDAQ in under an hour, rolling both indexes back to lows nobody ever wanted to see again and very nearly wiping that relentless smile off Grasso?s face in the middle of his 10 a.m. press conference...
...became clear before long that this wasn?t going to be a coward?s panic either. The losses stabilized by late morning and actually bounced a bit off their lows before slipping again in later afternoon and then bouncing again. The final tally: The Dow down 677 points, the NASDAQ down 115 - and it did seem as if the involuntary four-day layoff didn't hurt. The machinery worked, the connections connected, volume hit a record on the NYSE and it still wasn?t anything the hastily reconstructed infrastructure couldn?t handle. A promised halt to trading...