Stocks Correction May Not Be Over
By Bloody Friday the stock market faced a deep correction not seen in over five years. The Dow fell 108.36 points Friday to 2246.73 after a 95.46 point drop, with a weekly loss of 235.48 points and record volume.
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Newspaper
Aiken Standard
Location
Aiken, South Carolina, United States of America
Date
Oct 18, 1987
Page
7
By Bloody Friday the stock market faced a deep correction not seen in over five years. The Dow fell 108.36 points Friday to 2246.73 after a 95.46 point drop, with a weekly loss of 235.48 points and record volume.
Washington analysts say the 4 percent to 4.2 percent cost of living adjustment will boost Social Security benefits next January, the largest rise since 1982, based on July September CPI changes. If September prices rise 0.3 to 0.6 percent, benefits climb to 4.1 or 4.2 percent amid stock market volatility and rising lending rates.
Investors weigh whether to sell or hold as the Dow tumbles to 2246.73 and weekly loss hits a record 235.48 points. Analysts explain a long term view, market corrections, and shifting leadership among large and small companies before any rebound.
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