Edgar Degas Four Dancers painting

Edgar Degas Four Dancers painting
Edgar Degas dance class painting

trader pauses at the NY Stock Exchange just prior to the close of trading in Oct 12, 2000. Stocks plunged to year lows as a bombshell earnings warning from retailer Home Depot Inc. and escalating Mid-East violence spooked an already jittery Wall Street.
NEW YORK - Stocks plunged to year lows on Thursday as a bombshell earnings warning from retailer Home Depot Inc. and escalating Middle East violence spooked an already jittery Wall Street."This market is not in a strong enough state to handle shocks from bad news," said Ed Peters, chief investment strategist and director of asset allocation at PanAgora Asset Management Inc.The Dow Jones industrial average (^DJI - news), a gauge of 30 leading companies, fell a whopping 379.21 points, or 3.64 percent, to end at 10,034.58 -- its fifth-largest point slide ever and its lowest close since March 14, 2000. Three stocks fell for every one that rose on the New York Stock Exchange (news - web sites).