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 half-hearted rallies ended down more than 3 1/2% off 588 points, the nasdaq and s&p, down almost 4%. let s drill down on why this is happening and what it means to you. we ll bring in jim cramer to talk about it in a moment but first cnbc s carl quintanilla. it was a stunning drop for a stock market that really hasn t had one in years. but this wasn t about the u.s. economy faltering. it s about the global economy losing steam. it was by wall street standards an historic drop. the dow falling by more than 1,000 poi
giving them a heart tha stt s what it may some. by the way, lester, ird consecutive drop of 300 or more points. the number of times it s done that in history, zero. lester? carl quintanilla, let s bring in your colleague jim cramer, the host of cnbc s 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 you re 100% invested, mistake here. i do believe there s more down side. if you are borrowing money to own stocks i think you re really on the wrong path and you ve got to sell tomorrow no matter what. but otherwise, lester, if you ve got cash on the sidelines, depending upon your age, you ve got some options. we should go over them. i think there are some great opportunities here. you re suggesting there s 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,
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%. let s drill down on why this is happening and what all this means to you. we ll bring in jim cramer to talk it over in a moment, but let s start with cnbc s carl quintanilla. carl, walk us through it. good evening, lester. it was a stunning drop for a stock market that really hasn t had one in years. but this wasn t about the u.s. economy faltering. it s about the global economy losing steam. it was by wall street standards an historic drop. the dow fal
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