Debate Politics Forums - View Single Post - U.S. Stocks Tumble: Some Comparisons from Past Recessions

donsutherland1 · 07-11-08, 10:17 AM

In the first 30 minutes of trading, the Dow Jones Industrials fell as much as 180.50 points to 11,048.52 and the S&P 500 declined as much as 18.78 points to 1,234.61. Just prior to the opening of stock market trading, oil reached as high as $147.27 per barrel.

Since then, stocks have pared losses on a somewhat better-than-anticipated consumer sentiment reading of 56.6 vs. the expected 55.5 reading. Just after 10:15, the Dow was down 111 points and the S&P 500 was down just over 9 points.

One-year inflation expectations rose to 5.3 percent from June's 5.1 percent, their highest figure since 1981.

Five-year inflation expectations remained at 3.4 percent, its highest figure in 13 years.

07-11-08, 10:17 AM	#32 (permalink)
donsutherland1 Moderator Mod team member Join Date: Oct 2007 Last Online: Today 03:09 PM Location: New York Posts: 2,273 Thanks: 719 Thanked 1,356 Times in 787 Posts Lean: Centrist Gender: Awards:	Re: U.S. Stocks Tumble: Some Comparisons from Past Recessions In the first 30 minutes of trading, the Dow Jones Industrials fell as much as 180.50 points to 11,048.52 and the S&P 500 declined as much as 18.78 points to 1,234.61. Just prior to the opening of stock market trading, oil reached as high as $147.27 per barrel. Since then, stocks have pared losses on a somewhat better-than-anticipated consumer sentiment reading of 56.6 vs. the expected 55.5 reading. Just after 10:15, the Dow was down 111 points and the S&P 500 was down just over 9 points. One-year inflation expectations rose to 5.3 percent from June's 5.1 percent, their highest figure since 1981. Five-year inflation expectations remained at 3.4 percent, its highest figure in 13 years. Last edited by donsutherland1 : 07-11-08 at 11:47 AM.