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Topic: Standard and Poor’s
Dow dips below 8,000 as economic concerns skyrocket
November 19, 2008 | 
Shopping for a bail-out.
As the holiday shopping and travel season approaches, worries over the economy are having a sobering impact on the retail season that is usually the most profitable time of the year for merchants.
To make matters worse, the Dow Jones Industrial Average fell below the 8,000 mark, closing at 7,997, a five-year low that is in part a reflection of the newest monetary crisis: the big 3 automakers who are shopping for a multi-million dollar bailout that could avert bankruptcy that could further compound economic woes. Standard and Poor’s slid another 6%,a five-year low. «Read the rest of this article»
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