Stocks Drop as Traders Reflect on Crash of 87
Stocks are celebrating the 20th anniversary of “Black Monday” by trading deep in the red. On October 19, 1987, the Dow lost 508 points, or 22.6%, the crash represents the biggest one-day percentage decline.
Schlumberger
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PowerRating) reported a 35% jump in Q3 profit (read more).
Third quarter earnings rose by 21% at Caterpillar
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PowerRating) but the company lowered its forecast for the year (read more).
Q3 profit fell by 10% at Wachovia
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PowerRating) (read more).
Alltel
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PowerRating) reported a 51% rise in third quarter profit (read more).
Boston Scientific
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PowerRating) reported a loss for Q3 (read more).
Treasuries are rallying, the U.S. dollar is falling and crude oil climbed above $90 per barrel (read more).
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