Oct
09
Stocks Take Another Dive; AdMarket 50 Down 6.2%
Posted in: UncategorizedLOS ANGELES (AdAge.com) — The Dow today plunged 7.3% to 8,579 points as frightened investors ran for the exits. This was the biggest one-day percent drop since the October 1987 crash (when the Dow plunged 22.6%). The Dow Jones Industrial Average is at its lowest point since 2003. Meanwhile, The Ad Age/Bloomberg AdMarket 50 tumbled 6.2% today, reaching its lowest point since 2003, as 39 of the index's 50 members — major marketers, media and agency firms — hit 52-week lows.
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