Dow Jones Industrial Average Falls To 326

The particular Dow Jones Industrial Average slipped 326 points, or 2.9%, to 11118 soon right after 1 p.m. ET, setting up an in-depth selloff which added to last week’s deficits. The blue-chip measure fell by as significantly as 385.12 points earlier in the session. Investors’ flight from risk had been obviously visible Monday in the initial U.S. trading since S&P’s downgrade of the U.S. credit rating, that lessened the government’s rating to double-A-plus from triple-A. Gold futures soared above $1,718 an ounce for the very first time as investors searched for assets considered havens. One winner was U.S. Treasurys, that continued to be a haven for a lot of investors regardless of the downgrade. Yield on the 10-year note fell to 2.3617% in recent action.