The New York Times
Monday, March 2, 2009 -- 4:06 PM ET
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Dow Drops Below 6,800; Lowest Close Since 1997
Investors' despair about financial companies pushed Wall
Street exchanges down sharply on Monday, the first day of a
week that culminates with the unemployment report on Friday.
Monday's decline brought the Dow Jones industrial average to
another unwanted milestone: its first drop below 7,000 since
1997. At the close, the Dow Jones industrial average declined
about 300 points, or 4.24 percent, while the Standard &
Poor's 500-stock index declined about 34 points or 4.7
percent. The Nasdaq composite fell nearly 4 percent.
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