The Down Jones

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Updated Apr. 25, 2017 4:56PM EDT / Published Oct. 16, 2008 7:23AM EDT

You probably saw this coming: The Dow Jones was down over 160 points by 10:30 AM this morning after a brief pickup in early trading. The markets were dragged down by yesterday’s news that retail sales dripped 1.2 percent in September. “Investors are recognizing that the financial crisis is not the fundamental problem,” The New York Times reports. “It has merely amplified economic ailments that are now intensifying: vanishing paychecks, falling home prices and diminished spending. And there is no relief in site.”

Read it at The New York Times

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The Down Jones