Thursday, November 20, 2008
Uptick
Selling Rampage Sends S&P Back to 1997

With the specter of a collapse of the auto industry looming, Wall Street's bleeding spread further on Thursday, sending the S&P 500 to 11-year lows and crude oil prices plummeting below $50 a barrel.

Fueled by growing economic fears and plunging financials, the latest selloff marks Wall Street's steepest two-day percentage drop since October 1987.

Today’s Market

The Dow Jones Industrial Average fell 444.99 points, or 5.56%, to 7552.29, the broader S&P 500 lost 54.14 points, or 6.71%, to 752.44 and the Nasdaq Composite slid 70.30 points, or 5.07%, to 1316.12. The consumer-friendly FOX 50 fell 35.60 points, or 5.67%, to 591.77.

http://www.foxbusiness.com/story/market ... res-lower/