Already a Bloomberg.com user?
Sign in with the same account.
Investment Figures of the Week
Investment Figures of the Week
COMMENTARY
Heading into the Thanksgiving holiday, the stock market investors were in a
foul mood. In just four days, the Dow Jones industrials plunged 167 points, or
4.3%. Half the loss came in the final hour of trading on Nov. 22. The damage in
the broad market wasn't quite as bad--the Russell 3000 index lost 3.4%. Don't
blame it entirely on the bond market, which remained fairly calm all week.
Pundits blamed the sell-off on everything from computer-driven trading to
worries that the GATT trade pact might fail to win Senate approval.