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Stocks plunge in U.S., Dow sinks 318 points
Yahoo News ^ | January 24, 2014 | Chris Nichols

Posted on 01/24/2014 1:19:17 PM PST by John W

Stocks in the U.S. slumped at the end of the week, including a dive of 318 points for the Dow Jones Industrial Average, as traders caved in to worries about global stability and the health of various economies.

Concerns about weak growth in China — a critical market for Western trade — melded with currency drops in countries such as India and Turkey, prompting investors to flee from stocks, which are viewed as riskier than bonds or gold. The S&P 500, a broad measure of the American market, lost 2% to 1,792 Friday, and the Nasdaq Composite slid 2.1% to 4,131. On both the Nasdaq and the New York Stock Exchange, 86% of all stocks declined.

(Excerpt) Read more at finance.yahoo.com ...


TOPICS: Business/Economy; News/Current Events
KEYWORDS: dow; nyse; stockmarket
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Early story starting the rationalization.
1 posted on 01/24/2014 1:19:17 PM PST by John W
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To: John W

http://finance.yahoo.com/blogs/the-exchange/stocks-plunge-in-u-s-—dow-sinks-more-than-280-points-205935575.html


2 posted on 01/24/2014 1:19:49 PM PST by John W (Viva Cristo Rey!)
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To: John W

The real question is if (or when) the Fed will come to the rescue.


3 posted on 01/24/2014 1:20:56 PM PST by rightwingcrazy
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To: John W

Just pull the plug and let all the shit hit the fan at once


4 posted on 01/24/2014 1:21:00 PM PST by knarf (I say things that are true .. I have no proof .. but they're true.)
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To: John W

Not to worry, the smartest president ever has a laser focus on the economy


5 posted on 01/24/2014 1:21:09 PM PST by RightGeek (FUBO and the donkey you rode in on)
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To: John W

MARKETS AROUND THE GLOBE WERE PUMMELED TODAY:

$DJIA -318
$DAX -239
$TSX -219
$FTSE -109
$NKY -304

stks.co/i0CmO


6 posted on 01/24/2014 1:22:01 PM PST by Wyatt's Torch
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Comment #7 Removed by Moderator

To: John W

My guess is that it will be up by over a hundred points on Monday.


8 posted on 01/24/2014 1:24:16 PM PST by Obadiah (I Like Ted.)
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To: John W
As an FYI:


9 posted on 01/24/2014 1:24:22 PM PST by Wyatt's Torch
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Comment #10 Removed by Moderator

To: John W

The real question is what took them so long to figure it out?


11 posted on 01/24/2014 1:30:55 PM PST by diverteach (If I find liberals in heaven after my death.....I WILL BE PISSED!!!)
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To: RightGeek
"laser on eco."
is it set to, stun or kill..or disintegrate?

12 posted on 01/24/2014 1:32:58 PM PST by skinkinthegrass (The end move in politics is always to pick up a gun..0'Caligula / 0'Reid / 0'Pelosi)
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To: John W

Monday we’ll be wishing we either sold or bought.


13 posted on 01/24/2014 1:34:40 PM PST by Lurkina.n.Learnin (This is not just stupid, we're talking Democrat stupid here.)
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To: John W

They always “know” why the market moves in one direction or other. Do they ask the investors? No. Then they should shut up.


14 posted on 01/24/2014 1:36:15 PM PST by I want the USA back (Media: completely irresponsible traitors. Complicit in the destruction of our country.)
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To: John W

Excellent! I’ve been basing my investing on facts and fundamentals, and I’d like to be rewarded for it.


15 posted on 01/24/2014 1:40:02 PM PST by SampleMan (Feral Humans are the refuse of socialism.)
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To: John W

Please no! Not yet! Don’t drop any more. I have to wait till after Feb 1st for my company’s “Blackout Period” to end so I can dump my Stock Options!

Damn, I knew this was going to happen.

I need to get a new (used) Civic or Corolla for my wife and need the cash from the options.


16 posted on 01/24/2014 1:43:36 PM PST by CapnJack
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To: John W

Two percent is not a plunge.


17 posted on 01/24/2014 1:47:32 PM PST by Moonman62 (The US has become a government with a country, rather than a country with a government.)
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To: CapnJack

TMI.


18 posted on 01/24/2014 1:48:08 PM PST by Misterioso (All life is a purposeful struggle, and your only choice is the choice of a goal. - Ayn Rand)
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To: John W

Good grief, it was only a matter of time. What is perplexing is that the pumping by the Fed has not stopped.


19 posted on 01/24/2014 1:48:38 PM PST by Cheerio (Barry Hussein Soetoro-0bama=The Complete Destruction of American Capitalism)
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To: John W

Woo-hoo! Stocks are on sale and, because of recent events, I’m sitting on 20% cash. I’m going to put together a shopping list this weekend!


20 posted on 01/24/2014 1:49:12 PM PST by ConstantSkeptic (Be careful about preconceptions)
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