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Sep.15
4:55 PM ET
Monday, 15 Sep 2008
Dow Plunges 500 points
Topics:Dow Jones Industrial Average | Nasdaq | Stock Market
Companies:Exxon Mobil Corp | JPMorgan Chase and Co | Chevron Corp | International Business Machines | American Express Co | Citigroup Inc | Caterpillar Inc | General Electric | ALCOA Inc | Du Pont EI de Nemours | Hewlett-Packard Co | General Motors Corp | United Technologies Corp | 3M Company | Verizon Communications | Merck & Co Inc | Boeing Co | Procter & Gamble Co | Johnson and Johnson | Walt Disney Co | Intel Corp | Microsoft Corp | Pfizer Inc | McDonalds Corp | Home Depot Inc | Coca Cola Co | Bank of America Corp | Merrill Lynch & Co Inc | Lehman Brothers Holdings Inc | American International Group Inc
The Dow and S&P 500 fell over 4.5% today, while the Nasdaq composite dropped 3.6%, as concerns over the health of the financial sector intensified following the decision of Lehman Brothers to file for Chapter 11. Here is a look at how the markets faired today:
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Dow Jones Industrial Average
- The last time the Dow closed below 11,000 was on July 15, 2008, when the Dow closed at 10,962
- The last time the Dow closed down 500 points or greater was September 17, 2001 after the 9/11 attacks
- The Dow is at more than 2-yr lows, and has not closed below 10,918 since July 21, 2006
- The table to the right shows the Dow components' contribution to the 500 point loss
- Coca Cola was the only Dow component up today
Dow, S&P 500 and NASDAQ
- The last time the Dow & S&P 500 closed down greater than 4% on the same day was September 3, 2002
- The last time the Dow & S&P 500 closed down greater than 4.5% on the same day was September 17, 2001 after 9/11
- The last time the Dow, S&P 500, and the NASDAQ Composite closed down 4% or greater on the same day was also September 17, 2001
- The last time the Dow, S&P 500, and the NASDAQ all closed down 3% or greater on the same day was February 27, 2007
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