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Widespread pain on the street as stocks are crushed [GrowYourFunds]

knowmoremedia.com » 2008 » June » 26th » Widespread pain on the street as stocks are crushed [GrowYourFunds]

Tagged: crm, hon, axp, nyx, ati, sndk, inflation, len, bidu, wfr, bac, stocks, vlo, fnm, lvs, mtw, federal reserve, bear market, jec, pfg, financial stocks, credit crisis

Things got very ugly today on the street as stocks were hit with their second largest down day this year. Good news was nowhere to be found today as oil topped $140, and Goldman downgraded General Motors and Citigroup. The Dow tanked by 358 points. The Nasdaq plunged 80 points. The broader S&P 500 fell 39 points, or 3%. There was nowhere to hide in the stock market today, but the biggest Continue Reading »


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