U.S. Markets closed

Why did the stock market drop? Here are the reasons for the Dow plunge

Louisville Courier-Journal
Why did the stock market drop? Here are the reasons for the Dow plunge

Bear Market is a term that sends fear into Wall Street and investors. What does it mean? And how does it affect both Wall Street and Main Street? Adam Shell explains. It sure felt like a sell-everything day on Wall Street Wednesday: Stock prices plunged, and talk of a panic and comeuppance for the nearly 10-year old bull market took hold. So why did stock prices fall so far, so fast, seemingly out of nowhere? And what explains the 832-point drop for the Dow Jones industrial average just a week after the blue-chip stock gauge notched a record high? While there's never a perfect answer to explain how market psychology can turn on a dime, here's how financial pros are making sense of the worst day