Worries About Global Economy Send Dow Jones Down 273 Points

[Purveyor]

Source: Fortune

The Dow Jones has fallen in six of the last seven trading days, and is 3.2% off its mid-September record close.

U.S. markets fell across the board Tuesday as investor grew worried about the global economy following a poor growth forecast for the eurozone nations.

The Dow Jones Industrial Average dropped 272 points, or 1.6%, in its worst day since July 31. The index, which has fallen six of the past seven trading days, is now down 3.2% from its record close of 17,279 on September 19.

Meanwhile, the Nasdaq fell 1.6% on Tuesday, and is now down 4.3% in the past month. The S&P 500 lost 1.5%, and is down 3.8% since hitting its own record high in mid-September.

Read more: http://fortune.com/2014/10/07/dow-jones-drops-270-global-economy/

[jwirr]

1. Wall Street is soon going to have to accept some of the realities regarding fossil fuels and climate

change, etc. If they do not they will continue to run scared like this every so often until they find themselves unable to recoup.

[C Moon]

2. The stock market soars, it doesn't affect me...

The stock market drops, it affects me.
Something's wrong here.

[Nye Bevan]

6. How did today's drop affect you? (nt)

[C Moon]

7. Yeah, that was a dumb post. What I meant was...

when the market takes black market dumps, the middle/lower class hurts...
when it hits record breaking highs, nothing seems to change for us.

[Andy823]

3. It's an election year

Wall street is taking profits, lowering the price of stocks, and after the election they will most likely start buying up the "lower" priced stocks again. Up and down. Sell till the market drops, the buy when the price is low enough. Of course putting some "fear" into voters, and blaming it all on democrats works for them also.

[closeupready]

5. Also, October is almost always a bad month for stocks.

The worst, typically.

[llmart]

8. Well, down 273 one day and up 274 the next.

n/t