9/9/08- Market Plunges on Fear of Lehman

The Dow dropped 280.01 to close at 11,230.73; the S&P 500 dropped 43.28 to close at 1,224.51 and NASDAQ closed at 2,209.81 down 59.95. The only good news was oil was down 3.08 to close at 103.26. Ten year treasury notes were up .69 to close at 103.38 to bring the yield down to 3.59% and the dollar gained .0006 against the Euro so one Euro buys US $1.41383. The bad day was caused by fears about the financial sector and profit taking in the energy sector. Volume was heavy at 1.7 billion shares. There was fears that Lehman Korean suitor was out of the picture (LEH 7.79 down 6.36). That's it from a dreary Atlanta.