FRANK SESNO, CNN ANCHOR: If you're first in line for the thrill rides at the amusement park, this may be your kind of day at the stock market. The opening bell brought a white-knuckle plunge on the Nasdaq and a smaller but still steep drop on the Dow. We're joined now by Bill Tucker. He's at the business news desk in New York. Bill, what has happened and what is happening?</s>BILL TUCKER, CNN ANCHOR: Well, Frank, I don't know what everybody is complaining about. Usually we talk about the divergence in these markets. Today, everything's headed in the same direction. Problem is they're all headed in the same direction down. Take a look at the numbers really quickly: We saw weak openings on both the Nasdaq and the big board. At the moment, we have a much stronger comeback in the industrials. The industrials are down currently just a little bit more than 10 points. The Nasdaq is suffering the real heat of the selling today. The Nasdaq is currently down 95 points. But, again, that is off its worst levels of the session, Frank. At the beginning of the day, the Nasdaq was down some 205 points. Why? Continued concerns about a slowing economy, which is bad news for value stocks, like those represented in the Dow. And then, frankly, Frank, we had a 24 percent run-up in the technology stocks coming into today. A little bit of profit-taking greeting investors at the start of trading, and the Nasdaq does continue down. Back to you, Frank.</s>SESNO: Bill, thanks. The ride continues, and we'll have a full update on what the stock market is doing at a quarter past the hour.
Opening Bell Brings White-Knuckle Nasdaq Plunge, Steep Drop on Dow