Thursday, November 6, 2008

Largest two-day point Drop in the Dow's History


Top 10 Two-day ConsecutivePercent Declines
Markets are getting volatile than ever before, looking for new fix everyday like drug-addicts. I never tried recreational drugs, but this certainly looks like it.
The Dow Jones Industrial Average tumbled 443.48 points today to settle at 8695.79, down 4.85% for the day. Weak retail sales from some major retailers along with a negative earnings' outlook by Cisco, the largest maker of networking technology, reignited concerns over the health of the economy; fueling another sell-off in Wall Street. In the past two days, the Dow has fallen 929.49 points, marking its biggest two-day point drop ever.

The Dow has declined 9.66% in the past two days, marking its largest two-day percent drop since October 20, 1987. here


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