0 Market Heads South Again
Well, so much for the short-term effect of the bailout. Because the stock market crashed when it was rejected, it seemed reasonable to expect a rise when the second version was approved. Unfortunately, we've had no such luck.
The Dow went down 369.88 points today, which landed it at 9,955.50 after trading concluded. The loss in another form: 3.58 percent. The Nasdaq, meanwhile, dropped about 84 points, or 4.34 percent. Ouch.
This all happened despite a much deeper dive in the mid-afternoon, ...
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