Friday 10 October 2008

Financial Crisis: Dow Jones Drops Below 9,000 for First Time in Five Years

THE TELEGRAPH: The Dow Jones Industrial Average has fallen below 9,000 for the first time since 2003.

Higher borrowing costs and slower consumer spending have left carmakers, insurers and energy companies fearing they will be the next victims of the financial crisis.

The Dow fell 678.91 points, or 7.3 per cent to end at 8,579.19 at the close. It had not fallen below 9,000 since August 6, 2003.

Shares in the United States have now lost 20 per cent of their value in the last week.

A year ago, the Dow closed at a record high above, 14,000. Financial Crisis: Dow Jones Drops Below 9,000 for First Time in Five Years >>> By Chris Irvine | October 9, 2008

LE MONDE:
La Bourse de New York reste en proie à la peur : Un an jour pour jour après son plus haut historique de clôture à plus de 14 000 points, l'indice Dow Jones a fini jeudi sur un repli de 678,91 points, soit 7,33 %, à 8 579,19. L'indice large Standard & Poor's 500 a abandonné 75,02 points (- 7,62%) à 909,92 et le Nasdaq Composite a cédé 95,21 points (- 5,47%) à 1 645,12. >>> LEMONDE.FR Avec Reuters | 09.10.08

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