SEPTEMBER 4, 2008 3 PM EASTERN TIME
DOW TUMBLES 300 POINTS
28 OF 30 DOW JONES INDUSTRIALS TUMBLE
BIGGEST DROP FOR DOW SINCE JUNE 26
NASDAQ DROPS 3%, BIGGEST LOSS SINCE JUNE 26
95% OF S&P 500 STOCKS ARE FALLING
S&P 500 FINANCIALS INDEX TUMBLES 4%
S&P 500 LOSSES ACCELERATE AFTER IT BREAKS 1260 SUPPORT LEVEL
LONGEST LOSING STREAK FOR S&P 500 SINCE JANUARY
LEGG MASON AND LEHMAN BROTHERS SLIDE 10%
CATERPILLAR, BOEING, AMEX AND AIG DOWN 6% OR MORE
GOOGLE FALLS $14 5O $450, LOWEST PRICE SINCE APRIL 17
EXXON FALLS 2.6%; LOWEST SINCE MARCH
CHEVRON DROPS TO FEBRUARY LOW; STOCK FALLS 3.4%
YAHOO TUMBLES TO 5 YEAR LOW
YAHOO TRADES BELOW $18; ERASING ALL GAINS FROM MICROSOFT BID
DOLLAR STRENGTH WILL SLOW ACCORDING TO JP MORGAN
BONDS RISE AS JOB MARKET WEAKENS SUGGESTING FED WON’T CUT RATES
LEHMAN CONSIDERS SPINOFF OF $32B TO DISPOSE OF COMMERCIAL MORTGAGES
WILL PROVIDE $8B IN EQUITY TO SPUN OFF COMPANY
