25th anniversary of Black Friday

Markets are down almost as if due to the memories of that incident.

Dow Tumbles 200, All 30 Components Lower

CNBC.com | October 19, 2012 | 03:22 PM EDT
Stocks added to their sharp sell-off Friday, on track to log their worst one-day drop in almost four months, pressured by some disappointing quarterly results that highlighted the global economic slowdown.

The Dow Jones Industrial Average plunged more than 200 points, wiping out all of its gains for the week. All 30 Dow components traded lower, led by McDonald’s [ MCD 88.77 -4.09 (-4.40%) ] and GE [ GE 22.03 -0.78 (-3.42%) ]. The last time the Dow fell more than 200 points was in June.

The S&P 500 and the Nasdaq also slumped to session lows. The CBOE Volatility Index, widely considered the best gauge of fear in the market, spiked more than 15 percent to trade above 17.

All key S&P sectors were firmly in negative territory, led by materials and techs.

Friday also marks the 25th anniversary of Black Monday, when the U.S. stock market went into a free fall and the Dow lost 22.6 percent in a single trading session.

http://mobile.cnbc.com/breaking_news/49476313

One thought on “25th anniversary of Black Friday”

  1. So it is true, anything that causes fear can shake the market. Literally just memories of the catastrophic Black Friday from 25 years ago caused the market to dip on yesterday. So I guess it is important to keep investors positieve and in a mode where they believe that the economy will work, only then can they push the markets in the right direction.

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