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Stock impact report

Dow plunges 800 points as bond fears haunt stocks [CNN]

PNC Financial Services Group, Inc. (The) (PNC) 
Last pnc financial services group, inc. (the) earnings: 4/15 06:41 am Check Earnings Report
Company Research Source: CNN
Dow plunges 1,033 points and sinks into correction For the second time this week, the Dow plunged more than 1,000 points. And the stock market is now in a correction -- 10% off its record high just two weeks ago. Fears about the bond market, inflation and interest rates seized investors again Thursday and drove the Dow, the S&P 500 and the Nasdaq all into the red for the year. The Dow finished with a decline of 1,033 points, the second-worst point drop in history, eclipsed only by Monday's 1,175-point nosedive. The percentage decline on Thursday, 4.2%, wasn't nearly as bad as the scary days of the 2008 financial crisis. But a steady climb that lasted more than a year has given way to two weeks of shaky selling. The Dow is on track for its worst weekly percentage drop since the crisis. "This is not the end of the world, but it is uncomfortable," said Rich Guerrini, CEO of PNC Investments. The economy is strong, but investors are worried about inflation, and the possibility that the Fe Show less Read more
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