DJIA Slides Under 'Flash Crash' Low

Discussion in 'More Serious Topics' started by Joeslogic, Jun 7, 2010.

  1. Joeslogic

    Joeslogic Active Member

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    DJIA Slides Under 'Flash Crash' Low

    Blue Chips Fall 115.48 Points to 7-Month Low as Buyers Stay Away; a Sudden Pulse Pushes Up Gold

    Stocks fell on Monday in a late-day selloff that took the Dow Jones Industrial Average below its lows of the May 6 "flash crash."

    The Dow ended down 115.48 points, or 1.2%, at a seven-month low of 9816.49 and below 9869.62, its low-point of the May 6 slide. That day, buyers rushed into the market at that level, helping pare a 1,000-point drop to a decline of 347.80 points.

    But on Monday, no such buying appeared. The Nasdaq Composite fell 2%. The Standard & Poor's 500-stock index slid 1.4%.
     

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