Thursday, August 4, 2011

The Dow tumbles 512 points Worst Day Since 2008 Finacial Crises

Stocks plunged Thursday in their single worst day since the 2008 financial crisis.
The Dow tumbled 512 points -- its ninth deepest point drop ever -- as fear about the global economy spooked investors.
All three major indexes tumbled more than 4% Thursday and erased all their gains for the year. The indexes have also pushed into "correction" territory -- defined as a 10% drop from recent highs. The Dow, Nasdaq and S&P 500 have all fallen 10% in just the last 10 days.