NYSE -- CNN Money says fear caused the stock market to plunge deep into the red Thursday.
In a report , the financial website stated, “economic fears at home and political concerns in Saudi Arabia weighed heavily on investor sentiment.”
The Dow Jones tanked to a -228.8 (11,984.61),
Nasdaq finished at -50.70 (2,701.02),
The S&P500 closed out the day at -24.91 (1,295.11), and
Oil stopped at -2.07 ($1102.28 per barrel).
Marketwatch.com summarized today’s dismal numbers by stating, “U.S. stocks Thursday closed deep in the red, weighed by worries about an oil spike slowing the global recovery, euro-zone countries' ability to pay their debt, and civil strife in Saudi Arabia…”
