Wall Street Crash Marks Worst August Start Ever — Gold Surges Over $1,720, The Dow Crashes 634 Points Losing 5.54%, The NASDAQ losing 6.9%, and the S&P 500 losing 6.66%.
Wall Street Stocks closed at their session lows with the DOW closing down 634 points to lose 5.54% closing at 10,809.85 marking the start of the worst August ever. The NASDAQ lost 174.72 points closing down 6.9% at 2,357.69 and the S&P 500 crashed 79.92 points losing 6.66% to close at 1,119.46.
This is the sixth biggest crash in history, as shown by this older Wikipedia table:
Largest daily point losses
Gold surged past $1720 per ounce.
The latest headlines from CNN Money.
Sell-off speeds up
3:17PM: Stocks follow deep declines in world markets, as investors react to S&P’s move. More
- Bank of America plunges 14%
- Insurers whacked by downgrades
- Muni downgrades are next. But don’t panic
- U.S. Treasuries are still safe! Sorta
- Pimco stands by Treasuries
- Gold surges as investors seek safety
- Four companies left in the AAA club
- Day’s biggest losers – and a winner or two
- Dow 30 flooded with red – real-time quotes
- Oil plummets on global economic fears
- Fear index soars to 52-week high
- NYSE traders whipped by headlines
- Fannie and Freddie downgraded
- S&P: Washington criticism is a ‘smoke screen’
- Moody’s: Why we’re not downgrading U.S. yet
- How to get back to AAA
- Rating downgrade: Did S&P get it right?
- Europe’s band-aid fix won’t solve the crisis
- After the fall: Where to put your money now
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ECONOMY