Dow Jones industrials fall below 7,000 points for first time since October, 1997
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If you wanted to start off the week on a good note, you better roll over and go back to bed. The Dow Jones industrials has fallen below 7,000 points for first time since October, 1997! Right now the DOW is sitting at 6,926.10, which is down 136.83 for the day!
This past Friday the S&P 500 registered its lowest intraday and closing level since 1997. Based on stock futures, the stock market is expected to begin this session below those levels. Traders are extending last week’s losses after AIG (AIG) posted a massive fourth quarter loss and indicated it will need more money from the government. The mood overseas hasn’t helped improve the early tone.
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