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Article: DOW PLUNGES A RECORD 554 POINTS 'THE 10 PERCENT CORRECTION IS HERE'.(NEWS)
- Article from:
- The Cincinnati Post (Cincinnati, OH)
- Article date:
- October 28, 1997
- Author:
CopyrightCOPYRIGHT 1997 The Cincinnati Post. All rights reserved. Reproduced with the permission of Dialog LLC by Gale Group. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Patrick Larkin and Cliff Peale Post staff writers
Investors flooded the stock market today, searching for bargains and kicking off a seesaw day of trading on Wall Street.
At 12:30 p.m., the Dow Jones industrial average was up more than 100 points to 7,267.24.
The shopping spree began shortly after the markets opened, as the Dow dropped 178 points. But by 10:30, the Dow was back into positive territory, as the 30-blue chip stock indicator was up more than 40 points.
Investors shrugged off Monday's Dow plunge of 554 points, the largest point-drop ever. Percentage-wise, it was a drop of about 7.1 percent.
Several ...