The Dow’s initial shedding of 300 points this morning isn’t as bad as it may sound—after overnight futures trading had to be halted, many feared a sharper sell-off. Automakers and electronic companies were particularly hard hit. Ford, General Motors, Apple, and Sony all reported steep losses. “There’s a lot of panic out there today,” one strategist told the Associated Press. “People have been saying that we’re in a recession. This is the realization.”
Read it at The New York Times
