Dow jones today crashed by almost 680 points, This is the 4th biggest single day loss in the history.The decline was almost 7.7 percent which is like 12th worst percentage drop on a single day.It all started when the US investors went through the Holiday sales report and also industrial growth which had already crashed the market but the whole market crash happened after the recession data came in from NBER which i have talked about it in the last post.
Market movers
Market movers
- U.S. manufacturing contracts more-than-expected in November
- U.S. credit card industry may cut credit lines by over $2 trillion
- Black Friday sales up 3.0%, according to ShopperTrak
- NBER officially declares U.S. recession started in Dec. 2007
Posts
1 comment:
In a recession, it isn't always bad. Most people don't realize how much money there is out there. During economic times like this, there is more money to be had than ever. Because of the bailouts and economy, lenders are bending over backwards to bail you out too. Believe it or not, there is people getting tons of cheap money nowdays to start businesses, buy homes, pay off debt, and more. Recession Bailouts for YOU
Post a Comment