DJIA Breaks Below 7,000 Mark

Posted by Kris | Tuesday, March 03, 2009 | | 0 comments »

Wall Street Slammed; Dow Falls Below 6,900 as Bank Worries Mount

Investors turned cautious again Monday as a staggering $61.7 billion in quarterly losses at insurer American International Group Inc. touched off fresh worries about the health of the nation's financial system. The Dow Jones industrial average fell below 7,000 for the first time in more than 11 years as investors grew pessimistic about the health of banks, and in turn the economy. The blue chips hadn't traded below the psychological barrier since Oct. 28, 1997, and last closed below that mark on May 1 of that year.

Anime Pic: Trinity Blood