The twits on CNBC are desperately blaming this on bad news of Europe, so I’m sure it’s a totally cooincidence that this happened right after the GOP forced America to go from stimulus, to non-action, to outright harsh austerity:
The Dow Jones Industrial Average (DJIA) at one point fell nearly 428 points, or 3.6 percent, settling briefly at 11,468.48 around 3:40 p.m. ET Thursday. The loss managed to erase all of the DJIA’s gains for the current year.
Economic and political turmoil have been keeping investors on shaky ground for days.
Closed down -512 points.