Thanks Barack… Dow Plunges 500 Points! Yearly Gains Erased …Update: 9th Worst Day Ever
The Dow plunged today, erasing its gains for the year.
Stocks are plunging in another broad sell-off as investors grow concerned about an economic slowdown in the U.S. and Europe.
The Dow Jones industrial average dove more than 350 points, erasing its gains for the year.
The latest sign of weakness in the U.S. economy was a report that the number of first-time claims for unemployment edged only slightly lower last week. It is the latest sign that the job market remains stagnant.
UPDATE: This was one of the top 10 worst days for the Dow.