Dayton Business Journal…
Stocks take a beating, bleeding not over
Friday, August 5, 2011 

The Dow closing down 512.76 points to 11,383.68 will rank as one of the Top 10 worst single-day point drops in the stock index’s history, and has left many financial experts asking if the worst is yet to come. 

Some analysts are questioning whether Wall Street’s expectations for corporate earnings for the third quarter are too high and may have to be scaled back. If that happens, it could be a wave of negative news that drives stocks down lower. 

Either way, analysts are speculating that there will be several more weeks of declines before stocks hit bottom. 

While the Dow plummeted more than 500 points in one day, the S&P 500 dropped 60.27 points, or 4.8 percent, to close just a fraction above 1,200. The tech-heavy Nasdaq was down 136.68 points, or 5 percent, to close at 2,556.39. 

Commodities also were hit by the fears of a second recession as the economy weakens, and oil dropped 6 percent to close at $87 per barrel after having traded around the $100 mark in the past few months. 

Stocks in the Dayton area also took a hit, with companies such as AK Steel Holding , Teradata Corp. , Robbins & Myers and Fifth Third Bancorp all closing lower. 

Read it at the Dayton Business Journal