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Feb 8 - Dow closes below 10,000; 1st time in 3 months

Dow industrials close below 10,000 - Stocks & economy- msnbc.com NEW YORK - The Dow ...


Feb 8 - Dow closes below 10,000; 1st time in 3 months

By The N - 02-08-2010, 05:54 PM - Boxden > BX Daily Bugle - news and headlines


Dow industrials close below 10,000 - Stocks & economy- msnbc.com
NEW YORK - The Dow Jones industrial average closed below 10,000 for the first time in three months Monday on nagging concerns about debt loads in Europe.

The Dow, down almost 104 points, had its 10th triple-digit move in 16 trading days. Shares of big banks pulled the market lower, extending a slump that has led to four straight weekly losses.

Mounting deficits in weaker European economies including Greece, Portugal and Spain have raised questions about the health of the global financial system. That compounded concerns about growth in China and proposed U.S. bank regulations took the market down from a 15-month high reached in January.
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Greece's finance minister said Monday the government is preparing to boost some taxes to shore up its finances. But civil servants opposed to cutbacks have pledged to strike on Wednesday.

1 comments for "Feb 8 - Dow closes below 10,000; 1st time in 3 months"




 02-10-2010, 09:31 PMaway - #2
jae premier
equity markets have been getting a little ahead of themselves since last spring, they were bound to correct themselves
 
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