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No special reason, it seems - just more of the same concerns about European debt and Washington's inability to reach any compromise on economic fixes (the Obama speech isn't doing much good). The Dow lost 303 points, or 2.7 percent, to close at 10,992. Keep in mind that September is historically the worst month of the year for stocks.
More by Mark Lacter:
American-US Air settlement with DOJ includes small tweak at LAXSocal housing market going nowhere fast
Amazon keeps pushing for faster L.A. delivery
Another rugged quarter for Tribune Co. papers
How does Stanford compete with the big boys?
Those awful infographics that promise to explain and only distort
Best to low-ball today's employment report
Further fallout from airport shootings
Crazy opening for Twitter*
Should Twitter be valued at $18 billion?
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Bobcat crossing
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Mark Lacter created the LA Biz Observed blog in 2006. He posted
until the day before his death on Nov. 13, 2013.