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News
Wall Street Consumers Not Comforted By Bailout
by Amy Eddings
NEW YORK, NY October 06, 2008 —Panicky investors sent the Dow Jones Industrial Average below 10,000 at one point in the trading day.
Trader Alan Valdes says that's a vote of "no confidence" in the stock market.
VALDES: It is a psychological number you want to see held. and if they don't hold it today..it's going to be an interesting week.
REPORTER: According to the New York Times, The Dow has lost more than 1,100 points, or about 10% in slightly more than a week.
The S&P 500 has lost more than 15% in the same period.
