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Discussion Forum : News and Current Events : A 5-year low

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 A 5-year low


[b]A 5-year low[/b]

NEW YORK (CNNMoney.com) -- Wall Street's drubbing continued Tuesday, with a 500-point loss bringing the Dow's two-day slump to nearly 900 points, as the Federal Reserve's plan to loosen credit markets failed to temper investor pessimism.

Fed Chairman Ben Bernanke's dour economic outlook in an afternoon speech added to the day's weakness. And a report showed consumer borrowing in August fell for the first time since January 1998.

The Dow Jones industrial average (INDU) lost 508 points or 5.1%, closing at the lowest point since Sept. 30, 2003.

The Standard & Poor's 500 (SPX) index fell 5.7% and closed below 1,000 for the first time since Aug. 27, 2003. The Nasdaq composite (COMP) lost 5.8% and ended at its lowest point since Aug. 18, 2003.

read more: www.cnn.com


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SI Moderator - Greg Gordon

 2008/10/8 0:30Profile
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Joined: 2002/12/11
Posts: 37633
"Pilgrim and Sojourner." - 1 Peter 2:11

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 Re: A 5-year low

The interesting thing is that the dow jones has had a great surge with american society reaping the benefits.

Click here to see the last 30+ years of the history of the dow.



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SI Moderator - Greg Gordon

 2008/10/8 0:32Profile





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