Markets

A Dizzying Month on Wall Street
August was one of the most tumultuous months on Wall Street since the financial crisis in 2008. Here's a look at some of the key headlines that defined the month.

DJIA Factset August Chart 2011

The Dow Jones traded in a nearly 1,500-point range in August as a deluge of political, economic and European concerns sparked frantic selloffs and wild rallies.  While the blue chips staged a comeback at the end of the month, it wasn’t nearly sufficient to stem deep losses on Wall Street.

NYSE Trader 083 Wipes Eyes

Sputtering Economy Sends Dow Plunging 266 Points

Aug. 2: Traders shrugged off a last-minute deal to avert a default on American debt after heightened economic tension ignited an intense round of selling that sent the Dow plummeting for the eighth-straight day.

Photo Source: Reuters

Dow Stock Screen

Nightmare on Wall Street: Dow Plunges 513 in Steepest Retreat Since '09

Aug. 4: The blue chips nose dived 513 points into correction territory, while the broad S&P 500 shed 4.8%, after anxiety over the economy sent traders racing out of stocks and commodities.

Photo Source: Reuters

NYSE Trader Turmoil

Deja Vu: Dow Crumbles 635 After Economic, Debt Fears Engulf Wall Street

Aug. 8: After closing out the worst week since 2008, Wall Street was once again pummeled on Monday after global sovereign debt and economic fears sent traders fleeing equities with few shelters in sight.

Photo Source: Reuters

NYSE Trader

Bulls Storm Back Into Town, Stage 430-Point Surge

Aug. 9: The beleaguered markets capped a violent trading session with a sharp comeback as traders scooped up beaten-down stocks and analyzed the Federal Reserve's pledge to hold interest rates at historically-low levels for the next two years.

Photo Source: Reuters

NYSE Trader 085

Fear Rushes Back: Euro Woes, Economic Malaise Incite Violent Selling

Aug. 10: The rollercoaster ride on Wall Street continued for yet another day as economic jitters and euro-zone fears crushed equities and sent the blue chips spiraling 520 points.

Photo Source: Reuters

NYSE Trader

Back to Rally Mode: Dow Surges 423 Amid Easing Economic, Euro Tensions

Aug. 11: The blue chips posted one of their best point gains of all time on the heels of a 520 point rout as euro zone and global  economic concerns appeared to ease in the financial markets. 

Photo Source: Reuters

NYSE Trader 8-15

Merger Mania: Deal Making Ignites Rally on Wall St.

Aug. 15: A round of high-profile deal making launched the blue chips into the green for the third-straight day for the first time in six weeks, and erased last week's losses.

Photo Source: Reuters

Wall Street Trader 8-18

Wall Street Drenched in Red Ink: Nasdaq Crumbles 5.2% Amid Euro, Economic Tension

Aug. 18: Nervous traders darted out of equities and flocked into safe-haven assets on heightened euro zone sovereign debt and global economic tensions, launching the markets deep into negative territory.

Photo Source: Reuters

Wall Street Earthquake

Relentless Rally: Traders Unshaken by Quake, Economy

Aug. 23: Wall Street posted sharp gains across the board, with the Dow leaping more than 300 points, shrugging off an earthquake that shook the eastern seaboard of the United States and a bout of weak housing and manufacturing data.

Photo Source: Reuters

Wall Street Bulll Hurricane

Bulls Undeterred: Dow Tacks on 2.3%, Extending Last Week's Rally

Aug. 29: Hurricane Irene's wrath failed to stem the bullish sentiment on Wall Street. The blue chips added more than 250 points on Monday, the fifth winning session in the last six, amid easing euro zone debt fears and upbeat economic data.

Photo Source: Reuters

A Dizzying Month on Wall Street

August was one of the most tumultuous months on Wall Street since the financial crisis in 2008. Here's a look at some of the key headlines that defined the month.

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