Sunday, June 15, 2025

Events | 2007.08.28

Fed minutes send Dow, Nasdaq freefalling (AP)

Charles McGrath watches the early numbers from the floor of the New York Stock Exchange, Tuesday, Aug. 28, 2007, in New York. Wall Street extended its retreat as investors cautiously awaited minutes from the Federal Reserve\'s last meeting that could provide insight into whether it may cut rates. The Dow Jones industrials dropped more than 100 points. (AP Photo/Henny Ray Abrams) AP - Volatility returned to Wall Street Tuesday, sending stocks plunging as investors grew more uneasy about the economy and whether the Federal Reserve will take the steps needed to prevent credit market problems from spreading further. The Dow Jones industrials fell 280 points.


 

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