October 23rd, 2012
10:30 AM ET

Dow drops 200 points

It's been a rough morning for stocks, with the Dow Jones dropping 200 points in the opening hours of the U.S. market.

With no data on the U.S. economy Tuesday, investors were focused on the latest quarterly reports from corporate America - and those reports were bad.

For more information on what's behind it all, head over to CNNMoney.com.

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Filed under: Economy • Finance
soundoff (12 Responses)
  1. Charlotte Webb

    I hope it drops 2000 more too.

    It is past time for a market adjustment. Everything has been overvalued. Plus everyone is denying there is inflation going on.

    October 23, 2012 at 10:57 am | Report abuse |
  2. chrissy

    I agree, weve now become the country of denial. Deny that there is an overwhelming amount of hungry and homeless people. Deny that a large majority of those same people are veterans! Etc...

    October 23, 2012 at 11:50 am | Report abuse |
    • Emily

      and children too. It's sad. Lots if ultra rich out there that could care less about $4 gallon gasoline and $2 sodas. Getting where it almost cost too much to even live.

      October 23, 2012 at 12:33 pm | Report abuse |
  3. Dennis B

    Lots of lazy people out there that don't want to work. As long as the democrats steal from us that work and give it to the lazy, why should they try. Let them get hungry enough and maybe they'll go out and get a job.

    October 23, 2012 at 12:41 pm | Report abuse |
    • banasy©

      Yeah, okay.
      Red states = highest recipients on welfare.

      October 23, 2012 at 1:38 pm | Report abuse |
  4. Sinfully Yours

    Just like the Dow, I dropped a massive number 2 as well...


    October 23, 2012 at 1:52 pm | Report abuse |
  5. ross

    it is very sad to see a great nation like the united states go down a path with very high employment and a very high defict. i am a canadian and have friends that live in usa and they say it is geting harder ever day . its harder to find a job working partime there is no money at the end of mth. i am not realy into poltics but i was watching you debates. it was interesting. if your struggling know what will it be for the next 4 years scary. we have health ins up here in canada and paid by the candian goverment but let me tell your we pay for it big time in our income tax at a rate of 42% it is called ohip. if i where a betting man i would give some else a shot in the whitehouse. this guy romney sounds good and he is a buissnes man. i hope for all of you in the usa getback on track and have a prospers future.

    October 24, 2012 at 9:58 am | Report abuse |
  6. Katrina

    Come On... You Are I Bet What One Would Call 'An Undercover Surrogate'.....

    October 25, 2012 at 11:38 pm | Report abuse |
  7. valwayne

    Wall Street knows that the Obama economy is being propped up until the election by massive Government spending, rigged UNEMPLOYMENT and economic numbers, and hundreds of billions of funny money begin created out of thin air and pumped into the system. After the election the numbers all have to be unrigged, the funny money has to stop, and the Government can't keep the massive pump priming going, not with the debt they are running up. That means disaster folks. Obama is purposely damaging the economy to hold it up long enough to get to Nov 6.

    October 26, 2012 at 11:17 pm | Report abuse |
    • PatriotStorm

      Sometimes I think you and I are the only ones that noticed. Gas prices dropping like a rock, another coincidence I'm sure.

      October 27, 2012 at 4:28 pm | Report abuse |
  8. DontLookBack

    It's funny how people forget the past. The Republicans held the US economy hostage during the debt ceiling talks and caused billions of dollars worth of damage. The guy who's being put up against Obama has a track record in business so some want to put him in charge. What business though? Flipping companies. That means shipping jobs overseas for cheaper labor while pushing wages down at home AND slashing jobs. That the type of business experience we need right now? Obama is betting on long term gains. It took us a long time to get into this mess, and it'll take a long time to get us out.

    October 28, 2012 at 8:24 am | Report abuse |
  9. krehator

    It is Obama's fault?

    Yet when it was going up, it was not to his credit?

    More double standards from Republicans.......

    October 28, 2012 at 10:16 pm | Report abuse |