Economists and financial analysts said the market rout was almost certain to put intense pressure on the Federal Reserve to lower short-term interest rates.
As the global market rout spiralled out of control, investors were searching out safe havens, and for a while gold looked like the answer.
In the broader market rout, shares of Chancellor fell $2, to $42.75, and Capstar dropped $2.1875, to $19.3125.
The losses in August were part of a market rout.
As the market rout in the 1990s was drawn out, simple loss deferrals would no longer be sufficient.
A buyout group's failure to complete financing for their purchase of United Airlines' parent company helped start the market rout on Friday.
That means they hold no cash reserves to provide a cushion during a market rout.
Yet 9 of the 10 biggest percentage gains on the Nasdaq have come during the market rout.
In the stock market, some technology issues gained yesterday as investors searched for stocks that fell sharply in last week's market rout.
Instead of panicking and dumping stocks after market routs, they have often bought, damping the market's volatility.