Wednesday, August 10, 2011

The New York Post Captures the Stock Drama as Only They Can

Posted By on Wed, Aug 10, 2011 at 9:50 AM

nypost_cover.jpg

I don't know if the cover of today's New York Post is helping me understand what's going on with the stock market, but at least the headline is funny, and humor might be our last resort against the impending economic doom.

Speaking of which, the Dow is tumbling again today as the markets prepare for some sort of European financial collapse:

stocks.jpg

Stocks extended their selloff Wednesday to wipe out most of the previous session's sharp rally as financials led the decline amid jitters over the U.S. economy and the ongoing euro zone crisis.

The Dow Jones Industrial Average plunged sharply, led by Disney and BofA, after surging over 600 points in the final hour of trading in the previous session. The blue-chip index has had triple-digit moves in four of the last five trading days.

The S&P 500 and Nasdaq fell almost 3 percent each. The CBOE Volatility Index, widely considered the best gauge of fear in the market, traded near 40.

All 10 S&P sectors slumped, led by financials, which tumbled about 6 percent.

In other financial news, the value of my jar of pennies remains unchanged today, even after a influx of six cents added late yesterday.

Tags: , , , ,

Comments

Showing 1-1 of 1

Add a comment

 
Subscribe to this thread:
Showing 1-1 of 1

Add a comment

Previously in the Range

More by Dan Gibson

Today | Sat | Sun | Mon | Tue | Wed | Thu

All of today's events | Staff Picks

Staff Pick

Be-You-tiful Women's Body Image Workshop

Presented by Yoga in the Buff. Bring a mat, towel, journal and pen. Bring a friend! Everything… More

@ Floor Polish Sat., July 22, 3-5 p.m. 215 N Hoff Ave, Suite 107

» More Picks

Submit an Event Listing

Popular Content

  1. The Weekly List: 13 Things To Do In Tucson In The Next 10 Days (The Range: The Tucson Weekly's Daily Dispatch)
  2. Tour Diaries! XIXA Day 7: Memories of Dylan and Meeting Former Czech President Václav Havel at Gunpoint. Also, Sold Out Show! (The Range: The Tucson Weekly's Daily Dispatch)
  3. Flake Takes a Turn To the Right (The Range: The Tucson Weekly's Daily Dispatch)
  4. Cinema Clips: Spider Man: Homecoming (The Range: The Tucson Weekly's Daily Dispatch)
  5. Laughing Stock: The Dating Game, Repeatedly (The Range: The Tucson Weekly's Daily Dispatch)

© 2017 Tucson Weekly | 7225 Mona Lisa Rd. Ste. 125, Tucson AZ 85741 | (520) 797-4384 | Powered by Foundation