Dow Jones Sees Fourth Triple-digit Decline

Home>>World

Last updated at: (Beijing Time) Wednesday, June 26, 2002

Dow Jones Sees Fourth Triple-digit Decline

Doubts about technology overshadowed positive news from Boeing and DuPont Tuesday, forcing the stock market to give up a moderate advance and close sharply lower.

DISCUSSION

CHINESE

SEND TO FRIEND

Doubts about technology overshadowed positive news from Boeing and DuPont Tuesday, forcing the stock market to give up a moderate advance and close sharply lower.

The Nasdaq composite index finished within a point of its lowest close following the Sept. 11 attacks as the market's major indicators all fell to new lows for the year.

The selling wiped out all of the gains from Monday's rally. Analysts, attributing the volatility to Wall Street's lack of confidence, said that until business conditions show solid improvement, investors will sell their stocks as soon as they make even a small profit.

The Dow dropped 155.00, or 1.7%, to 9126.82, after rising as much as 131 points in earlier trading. It was the average's fourth triple-digit decline in five sessions.

The technology-focused Nasdaq fell 36.35, or 2.5%, to 1423.99 �� less than a point above its Sept. 21 finish of 1423.19, its lowest close following the terror attacks.

The Standard & Poor's 500 index lost 16.58, or 1.7%, closing at 976.14.

Questions?Comments? Click here

Dow Drops 247 Points

Dow Down 145; Nasdaq Hits New Low

Dow Jones Industrial Average Futures Trading Launched in HK

Uncle Sam's Policy to Cross-Straits Ties against Its Own Interests ( 36 Messages)

Englishman Hired as Chief Advisor of Yunnan Provincial Government ( 67 Messages)

Home-made Auto Sales Head for 3 Million in 2002 ( 22 Messages)

South Korea Beat Spain 5-3 in Shootout to Enter World Cup Semis ( 11 Messages)

Chinese Scientists to Head for Suspected ET Relics ( 8 Messages)