The Dow closed down 358 points today in a second large rout this month. The first occurred when the unemployment rate increased .5% in a single month, sending the Dow down more than 400 points. This certainly doesn't bode well for the stock markets or economic prospects in the United States. This is not only a new low for the Dow for 2008; it is also a new closing low prices for the year.Thursday, June 26, 2008
Stock Market Rout
The Dow closed down 358 points today in a second large rout this month. The first occurred when the unemployment rate increased .5% in a single month, sending the Dow down more than 400 points. This certainly doesn't bode well for the stock markets or economic prospects in the United States. This is not only a new low for the Dow for 2008; it is also a new closing low prices for the year.
