Everything You Need to Know About Today's Massive Market Plunge

By Kevin Depew  AUG 04, 2011 4:20 PM

The huge selloff on Wall Street today sent the Dow down to its lowest level in more than six months.

 


The massive plunge on Wall Street today sent the Dow down 512 points or 4.3 percent to its lowest level in more than six months. The VIX Index, the benchmark index for stock options, rose to 35% its highest intra-day level in more than a year, though at 31.59 it remains well below the 2008 debt crisis peak of 89.53.

Some notable stock declines included LinkedIn (LNKD) down 9.6%, Nokia (NOK) down 7.3%, and Research in Motion (RIMM) down 6.8%.

Apple (AAPL) and Google (GOOG) both outperformed the the broad market, down 3.8% and 3.94% respectively.

Year-to-date the Dow is now down 1.6%, the S&P 500 down 4.5%, and the Nasdaq 100 down 3.6%.

Below you'll find a list of Minyanville content detailing the downside action in the markets and the economy over the last few sessions.  For up to the minute real-time commentary on the markets, take a free trial to our Buzz & Banter.

Random Thoughts: Will the Market Retest the 2009 Lows?
by Todd Harrison

Today's Sell-Off Is Extreme, but Don't Panic Yet
by The Chart Lab

Waiting on the Real Stock Market Low
by Erik Swarts

What If a Double Dip Turns Into Another Great Depression?
by Jeffrey Cooper

What the Current Decline Has in Common With March's Correction
by Michael Paulenoff

How Do We Protect Ourselves From a Double Dip?
by George Maniere

What's Next for the Stock Market?
by James Kostohryz

Technical Indicator Shows Increased Risk of Market Crash
by Rod David

Is the Fed About to Make the Mistake of the Decade?
by Toby Connor

The Global Window of Danger and the Fed's Next Moves
by James Kostohryz

Are We Heading For a Double Dip? Four Basic Perspectives
by Joe Jordan
No positions in stocks mentioned.

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