Dow Down 3,000 Points in Worst Day since 1987
After a tumultuous day of trading, the Dow Jones Industrial Average closed down 3,000 points in its worst day in more three decades. The S&P 500 dropped around 325 points, representing a 20 percent decline. The day began with a 15 minute halt on trading after yesterday’s interest rate cut by the Federal Reserve failed […]
After “Circuit-Break,” Markets Re-open, Dow Drops More than 2,700 Points
After more than 12 hours of market tumult following the Federal Reserve’s drastic rate cut announcement, stock futures hit “limit downs” earlier this morning, which continued into early trading. Shortly after U.S. markets opened, massive drops and volatility triggered a “circuit-break” to kick in, halting trading for fifteen minutes. Since trading re-opened at roughly 9:50 […]