Stock market freakout: Wall Street bets the boom may be over
NEW YORK (CNN Business) -- Investors are increasingly betting that the rapid economic and profit growth of the past year is about to come to an abrupt end.
That forecast prompted a freakout on Wall Street over the past two months. The Dow has shed 2,300 points since early October as investors have come to grips with the gloomier outlook. Investors are fleeing former tech darlings like Apple (AAPL), Facebook (FB) and Amazon (AMZN), knocking the Nasdaq 14% below its all-time high.