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Stocks plunge on economic fears

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Uploaded by on Oct 19, 2007

Oct. 19 - U.S. stocks had their worst day in more than two months after a warning from Caterpillar sent investors fleeing for the exits on the 20-year anniversary of the 1987 stock market crash. The Dow tumbled 366 points to 13,522. The S&P 500 lost 39 points to1,500. The Nasdaq was down 74 points to 2,725. Crude oil hit a record $90 a barrel, but quickly retreated.

SPEAKER: Alec Young, strategist, Standard & Poor's.

Conway G. Gittens reports from New York.

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News & Politics

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  • screw kudlow and his cnbc jerks for saying all is gonna be well! all this automation in the markets will make the lows faster before you can pull out and cut your losses

  • There is a 50% chance the economy will fall into a recession next year....LOL!!! Hang on...lemme get my lucky coin and we'll flip for it.

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