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.