ISIS, Ebola, tensions between Russia and the Ukraine, economic slowdowns in China, Europe, Latin America, and elsewhere – the profusion of gloomy headlines added up to a grim day on Wall Street yesterday, as the Dow plunged more than 450 points.
It was the heaviest day of trading in more than three years.
The stomach-churning day on Wall Street came exactly as General Motors announced some shiny, happy news: GM sold more cars and trucks worldwide in the third quarter than anytime since 1980.
Daniel Howes says the GM's record sales are largely powered by the relatively positive markets in North America and China. But in a lot of other parts of the world, the sales stink for GM as well as its competitors.