Uncategorized

dow closes down 633 points after final plunge

video: obamapocalypse aa+ speech on manic monday
The Dow Jones industrial average finished the day down 633 points Monday after a full-day sell-off accelerated in the final hour of trading as investors struggled to absorb Standard & Poor's decision to downgrade the United States' credit rating. Investors piled out of stocks and into a few "safe havens," such as gold and Treasury bonds. The appetite for Treasury bonds suggests that the Standard & Poor's downgrade has not shaken investors' faith in U.S. bonds. Market experts said the Monday sell-off was sparked by the S&P announcement but was motivated more by growing concerns about the weakness of the global economy.

previous: united states loses aaa credit rating*

related econocrash updates:
dow falls 633: sixth biggest stock market crash in history*
the stock market crash of 2011?*
video: downgrade is 'theatre to build up the fear'*
US will roll out qe3 after s&p rating cut*
video: military spending to blame for US credit downgrade*
video: cnn on 'why not to panic'*
police raid milan offices of moody's and standard & poor's*
washington state's murray will co-chair deficit 'super' panel*
debt 'supercommittee' ready for action*
dollar falls most in 40yrs against swiss franc after fed's pledge to maintain key interest rate at a record low*
geithner tells obama he will remain as treasury secretary*
postal service proposes cutting 120,000 jobs, pulling out of health-care plan*
aig sues bofa over mortgage bonds*
jpmorgan takes over finances for kentucky state government*
debt-hit students urged to sell their kidneys*
10 of today's hottest jobs: proof that america is doomed*
US consumer confidence drops to three-decade low amid economic headwinds*

#PumpUpThaVolume: December 6, 2019