In its second reversal, and third triple-digit jump this week, the Dow fell as much as 200 points on Wednesday, as investors anticipated a possible passing of the $700B bailout through the Senate. Other factors played into the dive as well, including the Institute for Supply Management’s announcement that its manufacturing activity index had fallen six points over the last month. Wall Street had predicted a drop of less than half-a-point, but in truth, few were surprised to see a more significant decrease as a result of the country’s credit markets coming to a screeching halt.
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