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RIG - The Stock Market Plunge Didn't Just Take Out Tech Stocks
Transocean Ltd
The latest in volatile moves for the stock market continued on Tuesday, carrying over through the holiday weekend to extend losses. Declines ranged from between 2% to 3% for the Dow Jones Industrial Average (DJINDICES: ^DJI) and the S&P 500 (SNPINDEX: ^GSPC) to a more than 4% plunge for the Nasdaq Composite. Investors seemed generally nervous with the pace of the market's rise in recent weeks, especially within the technology sector.