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Dow Down 50% Since Peak, Major Indices Approach New Lows

Friday, 27 Feb 2009 | 10:27 AM ET

In today's initial sell off, the Dow was down over 50% since its Oct 2007 peak. It has since bounced back a bit but is still down for the day. Here are more key dates for the Dow & S&P, both on a closing and intraday basis:

Dow

  • Last time the Dow closed below 7,000 was on 5/1/1997 . It closed at 6,976.48.
  • The Dow crossed below its February 23 intraday low of 7,105.94, its lowest level since October 28, 1997.
  • The last time the Dow closed below:
    7,100 = 5/7/1997 when the Dow closed at 7085.65
    7,000 = 5/1/1997 when the Dow closed at 6,976.48
    6,900= 4/28/1997 when the Dow closed at 6783.02
    6,700 = 4/21/1997 when the Dow closed at 6660.21
    6,600 = 4/15/1997 when the Dow closed at 6587.16
    6,300 = 12/16/1996 when the Dow closed at 6268.35
    6,200 = 11/6/1996 when the Dow closed at 6177.71
    6,000 = 10/30/1996 when the Dow closed at 5993.23
    5,900 = 9/30/1996 when the Dow closed at 5882.17
  • On an intraday basis, the last time the DJIA fell below:
    7,100 = 10/28/1997 when it hit an intraday low of 6971.32
    6,900 = 4/29/1997 when it hit an intraday low of 6783.82
    6,700 = 4/22/1997 when it hit an intraday low of 6657.4
    6,600 = 4/16/1997 when it hit an intraday low of 6558.66
    6,300 = 12/17/1996 when it hit an intraday low of 6236.05
    6,200 = 11/8/1996 when it hit an intraday low of 6181.06
    6,000 = 11/1/1996 when it hit an intraday low of 5998.82
    5,900 = 10/1/1996 when it hit an intraday low of 5861.67

Weighing on the Dow today are Chevron , ExxonMobil , Johnson & Johnson , Proctor & Gamble and Merck .

S&P 500

  • The last time the S&P closed below 740 was on 4/11/1997 when it settled at 737.65.
  • The S&P crossed below its 11/21/08 intraday low of 740.61, its lowest level since 4/14/1997 when it hit an intraday low of 733.53.
  • The last time the S&P closed below:
    730 = 12/17/1996 when the S&P closed at 726.04
    720 = 11/05/1996 when the S&P closed at 714.14
    710 = 11/04/1996 when the S&P closed at 706.73
    700 = 10/28/1996 when the S&P closed at 697.26
    690 = 10/01/1996 when the S&P closed at 689.08
    680 = 9/12/1996 when the S&P closed at 671.13
    670= 9/11/1996 when the S&P closed at 667.28
    660= 9/6/1996 when the S&P closed at 655.68
    650=9/5/1996 when the S&P closed at 649.44
  • On an intraday basis, the last time the S&P fell below:
    730 = 1/2/1997 when it hit an intraday low of 729.60
    720 = 12/17/1996 when it hit an intraday low of 716.74
    710 = 11/5/1996 when it hit an intraday low of 706.73
    700 = 10/29/1996 when it hit an intraday low of 696.27
    690= 10/2/1996 when it hit an intraday low of 689.08
    680= 9/19/1996 when it hit an intraday low of 679.05
    670= 9/12/1996 when it hit an intraday low of 667.28
    660= 9/9/1996 when it hit an intraday low of 655.68
    650 = 9/6/1996 when it hit an intraday low of 649.44

Leading the S&P 500 to the downside are Citigroup , Principal Financial Group , and MetLife .

Send comments to bythenumbers@cnbc.com

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S&P 500
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CVX
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JNJ
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MET
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MRK
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PFG
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PG
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XOM
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