Audible

Marketplace: News Archives

Monday, September 17, 2001
(Jump to the rundown)

Listen in RealAudio

It's Monday, September 17, 2001. I'm David Brancaccio in Los Angeles.

The facts are these: The Dow Jones Industrial Average fell 684 points today. Significant, but not historic. That's the most number of points the Dow has lost in a day. But that drop of seven point one percent doesn't even put it in the top ten biggest percentage drops. The 1987 stock market crash was three times bigger. The NASDAQ fell 115 points or 6 point eight percent. That was the outcome on the first day of trading since terrorist attacks caused the markets to close for the longest stretch since the Great Depression and on a day central bankers aggressively lowered interest rates. From New York, Marketplace's Bob Moon has today's chronology.

You can hear Bob Moons's report as a part of the whole broadcast by clicking the audio link above, or listen to the individual piece here.
To what extent the share prices were supported by companies buying back their own stock is not yet clear. Marketplace's business analyst David Johnson in Dallas watched the stock markets dynamics today.
You can hear David Johnson's report as a part of the whole broadcast by clicking the audio link above, or listen to the individual piece here.
Stock broker David Johnson. The stock that gained the most today was Armor Holdings, maker of flak jackets, helmets and other law enforcement and military protection equipment. Its shares gained 39 percent. On the Nasdaq, Invision Technologies stock went up 165 percent. They make fancy airport screening equipment.

Rundown

Accounting for the Unaccountable

For our feature coverage of the World Trade Center disaster, please visit http://www.marketplace.org/features/unaccountable/.

Look-Ahead

Coming up on September 18: With a new kind of normal for Wall Street, will a second day of trading boost and bust? That's later on Marketplace, from PRI.


For information on ordering transcripts of this show, visit: http://www.marketplace.org/about/cassettes.html.

<- Back to 9/14 Newscast | Forward to 9/18 Newscast ->

 

American Public Media