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.
Before it's here, it's on the Bloomberg Terminal. LEARN MORE