Dow Plunges 513 Points on August 4, 2011 Which is the Worst Drop Since the 2008 Financial Crisis Started
The stock market has just finished its worst trading day since the financial crisis. The Dow is closing with a loss of 512.76 points, or 4.31 percent, to close at 11,383.68 and it was the “Worst Trading Day” for the Dow Jones Industrial Average since December 1, 2008 when the DJIA fell 679.95 points.
With the Dow Jones Industrial Average plunging more than 500 points on Thursday August 4, 2011 — investors are concerned that the U.S. economy will enter another recession and that Europe’s debt problems are not close to being solved.
Twenty stocks fell for every one that rose on the New York Stock Exchange and volume was very heavy at 7.5 billion shares.
The S&P 500 ended down 60.27 points, or 4.78 percent, to close at 1,200.07 while the NASDAQ market ended down 136.68, or 5.08 percent, to close at 2,556.39 on the day.
Tags: 2008 Financial Crisis, August 4 2011, December 1 2008, DJIA, Dow, Dow Jones Industrial Average, Dow Plunges, Europe Debt, Financial Crisis, Heavy Volume, NASDAQ, New York Stock Exchange, Recession, S&P 500, US Economy, Worst Trading Day