Chanticleer
Wall Street’s night of fear could have been much worse
The sea of red on Wall Street on Monday night doesn’t tell the story of the outright panic that spread before the market opened.
After the worst day on Wall Street in almost two years, it sounds silly to suggest that investors dodged a bullet.
But while the final numbers were nasty – the S&P 500 finished down 3 per cent, the Dow Jones lost 2.6 per cent, and the Nasdaq Composite fell 3.6 per cent – they don’t tell the story of the outright panic that spread across the market before Wall Street opened on Monday night.
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