Thursday, February 19, 2009

New Bear Market Closing Low for Dow

From the Wall Street Journal:

The Dow Jones Industrial Average set a new bear-market closing low, as the financial sector continued to decline and investors found little impetus to buy in a flurry of economic data.

The Dow Jones Industrial Average dropped 89.68 points, or 1.2%, to close at 7465.95. The blue-chip benchmark had flirted all week with its five-and-half-year closing low of 7552.29, set on Nov. 20. Thursday, the Dow briefly dipped under its five-and-a-half-year intraday low of 7449.38 of Nov. 21.

Here is the full article.