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Dow takes a dive

Wall Street
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Wall Street

By Eileen Buckley

http://stream.publicbroadcasting.net/production/mp3/wbfo/local-wbfo-981083.mp3

Buffalo, NY – Stocks took a tumble on Wall Street Monday. The Dow Jones industrials closed down more than 600-points dropping below 11,000 on the day.

Investors' fears mounted on the first-day of trading since Standard & Poor's downgraded American debt.

WBFO's Eileen Buckley talked with Cristian Tiu, University at Buffalo Assistant Professor Finance and Managerial Economics School of Management. He said no one should panic and or make any sharp moves with their personal portfolios just yet.