Today's Situation Room:
Wolf Blitzer delivers the most important breaking news and political, international, and national security stories of the day. Tune to The Situation Room weekdays 5-7pm ET on CNN.
Why did the stock market plunge?
CNN's Tom Foreman explains why the stock market has dipped this week.
RELATED STORY: Worst day of the year for Dow , S&P 500
Stocks plummet on Wall Street from Euro fears
Stocks plunged today on all three major U.S. indexes, with the Dow tumbling 400 points amid a growing debt crisis in Italy. CNN’s Erin Burnett joined Wolf Blitzer on the Situation Room to discuss.
RELATED: Stocks get hammered by Italy fears
Sky is Falling
Stock market makes parody E*Trade baby barf. CNN's Jeanne Moos reports on the 'rip your face off' rally.
Stocks rebound after 'bloodbath'
Poppy Harlow with CNNMoney breaks down the wild ride stocks took a day after suffering nearly $1 trillion in losses.
RELATED STORY: Dow soars 400 points in wild session
Did the S&P's reputation take a hit?
CNN's Mary Snow reports on the outrage Standard and Poor's faces after downgrading the U.S. credit rating.
RELATED STORY: Dow plunges after S&P downgrade
What caused the Dow's 600 point drop?
CNN's Richard Quest and Ali Velshi spar over who's to blame for the Dow's 600 point drop.
RELATED STORY: Dow plunges after S&P downgrade
BLITZER’S BLOG: Horrendous day on Wall Street
By CNN's Wolf Blitzer
(CNN) - When President Barack Obama started speaking at the White House at 1:52 p.m. today, the Dow Jones was down around 400 points. When he wrapped up 10 minutes later, it was down around 430 points. And when the market closed at 4 p.m., the Dow was down 635 points for the day – a drop of more than 5.6%. The tech-heavy Nasdaq index was down nearly 6.9% for the day. The S&P 500 was down 6.7%. In short, it was a horrendous day on Wall Street – as it was earlier in Europe and Asia.
It’s certainly not fair to blame only the president for this awful downslide. There are limits to what he can do in the current economic and political climate. There is plenty of blame to go around – including to congressional Democrats and Republicans, liberals and conservatives.
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Post by: Filed under: Economy • President Obama • Stock Market • Wolf Blitzer |
About this Show
The Situation Room with Wolf Blitzer is the command center for breaking news, politics and extraordinary reports from around the world. Tune in weeknights from 5-7pm ET on CNN.
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