Dow Drops 300 to Lowest Close Since '97

Index makes a beeline for 6,000
By Nick McMaster,  Newser Staff
Posted Mar 2, 2009 3:18 PM CST
Trader Albert Young leans on a phone post on the floor of the New York Stock Exchange today.   (AP Photo)
camera-icon View 3 more images

(Newser) – Investors sold stock in droves today amid continued financial-sector woes and a poor report on manufacturing, the Wall Street Journal reports. Financials sank, and the manufacturing woes sent General Electric, Boeing, Caterpillar and 3M into downward spirals. The Dow fell 299.64 to close at 6,763.29. The Nasdaq lost 54.99, closing at 1,322.85, and the S&P 500 shed 34.27 to settle at 700.82.