Portfolio > "2009-02-19 13:20:01"

“2009-02-19 13:20:01”

The Dow Jones Industrial Average dropped 300 points, falling to within less than a point of its November 20 closing low of 7552.29, amid yet another deep plunge in financial stocks.

The Dow Jones Industrial Average tumbled 1.2% to a new five-and-a-half year low, breaking through the previous bear-market closing low of 7552.29 hit on November 20, 2008. The blue-chip stock benchmark was pulled downward by a wave of selling in the banking sector, as components Bank of America and Citigroup each fell 14%.

Source: The Wall Street Journal