Stock Market Plunges Today

February 27th, 2007

Today was the worst day of trading since September 11, 2001, the day when the terrorists attacked our country.

Here are the results of today’s market:

Dow 12,216.24 Down 416.02 (3.29%)
Nasdaq 2,407.86 Down 96.66 (3.86%)
10-Yr Bond 4.5130% Down 0.1180

 

The main reason for this huge dip was due to worries of overpriced stocks and the declining economy of the U.S. and China.  Chinese stocks were hit even harder, falling 9%.

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