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Dow drops

By: WROC-TV
Updated: August 9, 2007
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STOCKMARKET2007-08-09-1186698537.jpgA big story on Wall Street tonight and it could impact your family's financial future.


At the closing bell Thursday evening, stocks took the second biggest drop this year, plummeting more than 380 points. The NASDAQ lost more than 56 points and the S&P 500 lost 43.


Experts say the wild ride is due to the global credit market and banks repricing credit risks.


Their advice? Stand pat with your 401Ks. It's not a market crisis, but a correction.

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