Monday, August 17, 2009

Economic worries


What in the world has happened to the stock market?

*Just about everything has gone wrong with the stocks that brought the rally this far.

*Tech stocks are weak. Oil stocks have dropped. Metals stocks have slumped. Banks are down.

*It's that kind of day, but it could be worse. The Dow Jones industrials were down as many as 205 points, rebounded a bit and were down 165 points, or 1.8% at 3:05 p.m. ET.

The Standard & Poor's 500 Index was off 22 points/2.2%. And the Nasdaq Composite Index tumbled 50 points/2.5%. Its sister index, the Nasdaq-100 Index , was off 42 points/2.6%. The Nasdaq-100 tracks the largest Nasdaq stocks.

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