11 Aug '11, 12am

Another wild day at the market: After sweeping declines on Monday were followed by huge gains on Tue... #realestate

NEW YORK - For yet another day, the stock market swung back and forth with ranges of hundreds of points. After sweeping declines on Monday were followed by huge gains on Tuesday, stocks on Wall Street finished steeply lower yesterday as each of the three main indexes dropped more than 4 per cent. Yesterday's trading completely wiped out the gains of the previous day in the broader market as measured by the Standard & Poor's 500 index. The last time there were three consecutive days of 4 per cent moves on the S&P was in October 2007. In the United States, the financial sector again took a beating, shedding more than 7 per cent. The Dow was down 519.83 points, or 4.6 per cent, at 10,719.94. The S&P 500 index fell 51.77 points, or 4.42 per cent. at 1,120.76. The Nasdaq were was down 4.09 per cent, or 101.47 points, at 2,381.05. Analysts said a variety of worries have clouded ...

Full article: http://www.todayonline.com/Business/EDC110811-0000579/Ano...

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