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Market recap: Heavy selling wrecked the Dow's six-session winning streak and took it back below...

Market recap: Heavy selling wrecked the Dow's six-session winning streak and took it back below 11K (-1.92% to 10990), after a downgrade of Greece's credit rating to "junk" sent stocks reeling, non-yen currencies plunging vs. the dollar, while Treasurys enjoyed a huge run-up despite weak demand for two-year notes. S&P was hardest hit, -2.35% to 1183.61. Crude fell 2.76% to $81.86.
Comments (6)
  • Is it time to get out those "Dow 10000" hats again?
    27 Apr 2010, 04:09 PM Reply Like
  • a glimpse of reality today.
    27 Apr 2010, 04:14 PM Reply Like
  • Anyone want to venture a guess if tomorrow will be up or down? I could see it going either way - the late selloff today makes me think it'll keep going down but everyone is so unrealistically bullish that people might see sub-11k as a buying opportunity (I don't)
    27 Apr 2010, 04:16 PM Reply Like
  • We'll probably see a slight surge in the morning followed by another substantial drop. The trend looks to be topped out and heading south.
    27 Apr 2010, 07:19 PM Reply Like
  • Maybe a Dow 1000 hat is more appropriate. The Greece-Portugal downgrades are a double whammy.
    27 Apr 2010, 07:42 PM Reply Like
  • so when do we see Spain, Belgium, and Ireland begin to come into play? How will this affect California, New Jersey, New York, Ohio, and Michigan?
    27 Apr 2010, 07:46 PM Reply Like
DJIA (DIA) S&P 500 (SPY)