Results tagged “nasdaq”

The three U.S. stock indices fell 4% or more today: Nasdaq was down 3.99%, the S&P 500 dropped 4.66% (closing at 700.82) and the Dow Jones lost 299 points, closing at 6,763 points, its lowest level since 1997.

The Dow Jones ended the day at 9,065—up 889 points—as, the NY Times reports, "investors began looking for bargains among beaten down stocks." Plus, there's hope that the Federal Reserve will once again cut the key rate.

Of course, the continued high cost of fuel remains a brake on the economy. And if there's one thing that financial markets abhor, it is uncertainty. With the Presidential election eleven months off and a wide variety of candidates bandying about different economic proposals, it becomes difficult for investors to plan for or around what the future may hold. In short, hang on. As one analyst for Standard & Poor's wrote in a research note that was quoted in the Times, "The best investment may be in aspirins and a neck brace."