Tuesday, January 22, 2008

Dow industrials are set to drop 500

Tim Paradis, AP News: Wall Street was expected to plunge at the opening of trading Tuesday, extending its huge losses from last week and taking more cues from heavy selling that has spread throughout the world. Indicators showed the Dow Jones industrial average was set to fall by more than 500 points when trading begins. (more)

LSB: Oh shit! Let's hope it isn't that bad, but percentage-wise that would fall just about in line with what the other world markets experienced yesterday.

Raw Story: Dow dropped nearly 400 in first 10 minutes; live market data here. (At 10:35a CST, the DJI had rebounded to -168... -57.55 at 12:28p CST...)

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