Dow tumbles over 500 points, bringing 2-day losses to more than 1,300 points

Sep 2018
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  • Investors fled riskier assets like stocks and loaded up on traditional safe havens like bonds and gold.
  • The Dow fell as much as 698.97 points at its lows of the day, after dropping 831 points on Wednesday.
  • "It's a momentum correction, not a portfolio correction," says Joe Terranova, chief market strategist at Virtus Investment Partners. "While we have a bias to believe 2008 could happen again, I don't think this is the case." Dow tumbles over 500 points, bringing 2-day losses to more than 1,300 points
 
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