Mara of Quattro Securities, Inc. on the floor of the New York Stock Exchange on August 4, 2011. The Dow Jones Industrial Average plunged 4.3 percent Thursday, its worst one-day drop in more than two years, as global markets melted down over fears of another world economic downturn. The Dow was down 512.76 points to 11,383.68; the broader S&P 500 lost 4.8 percent to 1,200.07, while the tech-heavy Nasdaq Composite plunged 5.1 percent to 2,556.39. (Photo Credit: Stan Honda/AFP/Getty Images)(Photo Credit: Stan Honda/AFP/Getty Images)
PITTSBURGH (NewsRadio 1020 KDKA) – With the Dow Jones Industrial Average plummeting over 500 points in a single day, Robert Mangino talks with Rick Applegate, financial advisor with First Commonwealth Financial and host of KDKA’s MoneyTalk, to sift through the financial rubble.
Mangino asks Applegate about what caused the market free fall, and discusses what role the federal government actually plays in the ups and downs of Wall Street.
Catch Robert Mangino every weekday from 6 p.m. to 10 p.m. on NewsRadio 1020 KDKA!
