Showing posts with label Obama Wall Street Stock Market. Show all posts
Showing posts with label Obama Wall Street Stock Market. Show all posts

Wednesday, January 21, 2009

Wonder what caused this?

The Stock Market is supposed to go up on good new!

Sell-Off Is Sobering Welcome From Wall Street

By Binyamin Appelbaum and Heather Landy
Washington Post Staff Writers Wednesday, January 21, 2009; Page A01

As Washington celebrated, New York fretted.

The Dow Jones industrial average yesterday fell below 8,000, shedding 4 percent, its bleakest performance on any Inauguration Day since the index was started 124 years ago. Nasdaq and the Standard & Poor's 500-stock index both plunged more than 5 percent.

http://www.washingtonpost.com/wp-dyn/content/article/2009/01/20/AR2009012003261.html?wpisrc=newsletter