Financial expert Rob Black on Dow 1,000-point plunge

SAN FRANCISCO (KRON) — It was a wild day at the New York Stock Exchange Monday, as the Dow dropped more than 1,000 points in the first four minutes of trading.

What followed was a day of slow recovery, and then, more drops. The market closed with the Dow losing 588 points. The NASDAQ fell down 179.

And the S&P 500 lost 77 points. KRON4 financial expert Rob Black put the volatile day into perspective.

He explained to Pam Moore how an everyday investor, maybe someone with just a 401k, should be looking at Monday’s dramatic drop on Wall Street.

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