Dow plunges more than 350 points after dour earnings, data
Fortune - Jan 27, 2015
Wall Street kicked off trading in the wake of an East Coast snowstorm, but the results weren’t pretty.
U.S. stocks fell dramatically immediately following the opening bell Tuesday morning after a series of big U.S. companies issued dour earnings reports, and a drop in durable goods orders shook investors’ confidence in the economic outlook for 2015.
The Dow Jones Industrial Average plummeted at the open, and was lately down more than 350 points. One week after a market surge nearly wiped out all of market’s losses for the year, the blue-chip index is now more than 500 points below where it started 2015.
