In a display of erratic trading, just a day after one of the biggest rallies on record, indices were hit hard toward the end of the session. The Dow closed at 8,497, falling 337 points, or 3.82 percent. Losses were even more pronounced on the Nasdaq, which dropped five percent. A possible contribution to the afternoon’s disruption came from Federal Reserve Chairman Ben Bernanke, who remarked that the markets continue to exhibit “severe strain”.
Let us hear your thoughts below: