Wall Street Plunges, Gold Drops


Wall Street plunged on Thursday, the dow had its worst loss since October 1987 “Black Monday.” Gold bears benefited from a more than 3% drop in gold!

The Dow Jones Industrial Average .DJI fell 2,352.6 points, or 9.99%, to 21,200.62, the S&P 500 .SPX lost 260.74 points, or 9.51%, to 2,480.64 and the Nasdaq Composite .IXIC dropped 750.25 points, or 9.43%, to 7,201.80.

Source: Reuters

All 11 major sectors of the S&P 500 closed sharply lower.

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