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Banks, Energy Fall; Dow Off 201

Dow, S&P 500 now negative for 2009

By Nick McMaster,  Newser Staff

Posted Jun 22, 2009 3:18 PM CDT

(Newser) – A global rout in materials and energy stocks combined with a sell-off in financials to wreak havoc on US markets today, the Wall Street Journal reports. The Dow closed down 200.72 at 8,339.01. The Nasdaq lost 61.28, closing at 1,766.19, and the S&P 500 dropped 28.19 to close at 893.04. The Dow is now down 1.1% for the year, while the S&P is off 5%.

A trader works on the floor of the New York Stock Exchange in this undated file photo.
A trader works on the floor of the New York Stock Exchange in this undated file photo.   (Getty Images)
Traders work on the floor of the New York Stock Exchange in this undated file photo.
Traders work on the floor of the New York Stock Exchange in this undated file photo.   (AP Photo/Mary Altaffer)
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COMMENTS
Showing 1 of 1 comment
brawne
Jun 22, 2009 9:51 AM CDT
When Wall Street jumps out windows, we stand in soup lines. Cutting your nose off to spite your face prevents your sniffing out the truth.

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