Skip Navigation

Close and don't show again.

Your browser is out of date.

You may not get the full experience here on National Journal.

Please upgrade your browser to any of the following supported browsers:

Reveal Navigation

Stocks Plummet On First Session After Downgrade Stocks Plummet On First Session After Downgrade Stocks Plummet On First Session After Downgrade Stocks Plummet On First S...

share
This ad will end in seconds
 
Close X

Not a member? Learn More »

Forget Your Password?

Don't have an account? Register »

Reveal Navigation
 

 

Economy / ECONOMY

Stocks Plummet On First Session After Downgrade

U.S. stocks plunged on Monday in the first session following Standard & Poor’s announcement late Friday that the country’s top AAA credit rating would be cut to AA+. The Dow closed down more than 600 points, for a loss of more than 5 percent.

It marked the first time the Dow has dipped below 11,000 since last November.

DOW JONES INDUS. AVG: 10,809.80 -634.76 -5.55%

 

S&P 500 INDEX: 1,119.46 -79.92 -6.66%

NASDAQ COMPOSITE INDEX: 2,357.69 -174.72 -6.90%

President Obama, speaking in the afternoon to calm nervous investors, said the country’s economic woes problems are “eminently solvable.” Stocks, however, continued to slide as the president spoke.

It was the worst single-day loss since December 2008.

Infographic

Get us in your feed.
 
Comments
comments powered by Disqus