The Dow is Now Down for the Millennium

The Dow closed at 11,453.42 which means the index is now in the red for the millennium. The Dow closed December 31, 1999 at 11,497.12.
Of course, that doesn’t include dividends. Over the last 8.5 years, dividends have added about 19.5% to the Dow’s total return.
All 30 stocks were down today. In percentage terms, today was the third worst day for the Dow in the last five years. The 3.13% sell-off from three weeks ago was slightly worse. Today was the 10th 300+ point sell-off in the last twelve months.
The Dow is now at its lowest close since 9/11/2006. The S&P 500 wasn’t down as much, and it’s still holding above its closing low from March 10 and March 17.
For the millennium, the S&P 500 is off 12.7%.
Here’s something you don’t see every day. On the NYSE, decliners led advancers by 11-to-2. But advancing volume and declining volume were roughly equal.

Posted by Eddy Elfenbein on June 26th, 2008 at 3:47 pm

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