Stock Market hits major low Thursday - WALB.com, South Georgia News, Weather, Sports

Stock Market hits major low Thursday

The Dow Jones industrial average closed down more than 500 points. The worst one day drop since October 2008.

It lost more than 4-percent of its value while the NASDAQ dropped more than 5-percent. It's the latest in a string of bad days tied to disappointing economic news in the U.S. and serious debt problems in Europe.

"Mostly the market is now looking at the bigger picture and the bigger picture is the comedy in the US and the economy of the whole world for that matter," says Vic Sullivan manager of Wells Fargo Advisors.

Financial advisors say now is a good time to talk to your broker or advisor to evaluate your investment packages and see if you need to make adjustments.

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