House. Nightly news begins right now. Announcer from nbc news World Headquarters in new york, this is nbc nightly news with lester holt. Good evening. A lot of investment portfolios including retirement nest eggs shrank today when stocks took another stunning fall. Experts warn we may need a strong stomach because this up and down ride is likely not over. The trading day started with a dramatic freefall. The dow dropping over 1,000 points. And after some halfhearted rallies ended down more than 3 1 2 off 588 points, the nasdaq and s p, down almost 4 . Lets drill down on why this is happening and what it means to you. Well bring in jim cramer to talk about it in a moment but first cnbcs carl quintanilla. It was a stunning drop for a stock market that really hasnt had one in years. But this wasnt about the u. S. Economy faltering. Its about the Global Economy losing steam. It was by wall street standards an historic drop. The dow falling by more than 1,000 points at the opening bell. Tit
Giving them a heart tha stts what it may some. By the way, lester, ird consecutive drop of 300 or more points. The number of times its done that in history, zero. Lester . Carl quintanilla, lets bring in your colleague jim cramer, the host of cnbcs mad money. At this through our own set of lenses, through our stage in life, how close we are to retirement. What should we do before we start moving decisions . Well, first, if youre 100 invested, mistake here. I do believe theres more down side. If you are borrowing money to own stocks i think youre really on the wrong path and youve got to sell tomorrow no matter what. But otherwise, lester, if youve got cash on the sidelines, depending upon your age, youve got some options. We should go over them. I think there are some great opportunities here. Youre suggesting theres more down side, though, in the near future. Play this out. Just play the week out for me. What do you expect . I think this is a contagion, in other words, were importing
Right now. Announcer from nbc news World Headquarters in new york, this is nbc nightly news with lester holt. Good evening. A lot of investment portfolios including retirement nest eggs shrank today when stocks took another stunning fall. And experts warn we may need a strong stomach because this up and down ride is likely not over. The trading day started with a dramatic freefall. The dow dropping over 1,000 points. And after some halfhearted rallies ended down more than 3 1 2 off 588 points. The nasdaq and s p down almost 4 . Lets drill down on why this is happening and what all this means to you. Well bring in jim cramer to talk it over in a moment, but lets start with cnbcs carl quintanilla. Carl, walk us through it. Good evening, lest lester. It was a stunning drop for a stock market that really hasnt had one in years. But this wasnt about the u. S. Economy faltering. Its about the Global Economy losing steam. It wasy wall street standards an historic drop. The dow falling by more
Announcer from nbc news World Headquarters in new york, this is nbc nightly news with lester holt. Good evening. A lot of investment portfolios including retirement nest eggs shrank today when stocks took another stunning fall. And experts warn we may need a strong stomach because this up and down ride is likely not over. The trading day started with a dramatic freefall. The dow dropping over 1,000 points. And after some halfhearted rallies ended down more than 3 1 2 off 588 points. The nasdaq and s p down almost 4 . Lets drill down on why this is happening and what all this means to you. Well bring in jim cramer to talk it over in a moment, but lets start with cnbcs carl quintanilla. Carl, walk us through it. Good evening, lester. It was a stunning drop for a stock market that really hasnt had one in years. But this wasnt about the u. S. Economy faltering. Its about the Global Economy losing steam. It was by wall street standards an historic drop. The dow falling by more than 1,000 po
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