The Dow Jones Industrial Average went into a tailspin last Friday. It lost 366.94 points (-2.64%) to end at 13522.02.
The ongoing credit market concerns obviously still weigh down WallStreet. Investors are still wary of the state of the US economy and the now surging oil prices which even touched a record $90/barrel level.
With Friday's blast in the Glorietta mall being suspected to be a terrorist attack, the local equities market may be headed into a Black Monday of its own. It is hoped that investors will not fall to a widespread panic selling and cause a market freefall.
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