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Dow Drops 254 Points With Worries Over Autos, Banks
By
Jen Chung
Published Mar 30, 2009
Modified Mar 30, 2009
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By
Jen Chung
Published Mar 30, 2009
Modified Mar 30, 2009
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Unsurprisingly, the U.S. stock markets dropped sharply today, what with fears over auto industry bankruptcies and the possibility that banks made need aid. The Dow fell 254 points, to end at 7,522 points (-3.27%), while the S&P 500 dropped 3.48% and the Nasdaq went down 2.87%. But CNBC finds a bright side: "Still, the Dow is up 6.5 percent for the month to date, which would be its biggest monthly gain since September 2007 if it held through tomorrow's session. The S&P and Nasdaq are up 7.1 percent and 9 percent, respectively, which would be their biggest monthly gains since 2002."
Tagged
auto industry
economy
wall street
Jen Chung
Jen Chung is a former WNYC and Gothamist editor.
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Gothamist is funded by sponsors and member donations
Gothamist is funded by sponsors and member donations
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