Dow Drops 120 to End '09

But yearly gains are still biggest since 2003
By John Johnson,  Newser Staff
Posted Dec 31, 2009 3:10 PM CST
The New York Stock Exchange Christmas tree is covered in snow on the final trading day of 2009, Thursday, Dec. 31, 2009, in New York.   (AP Photo/Henny Ray Abrams)

(Newser) – The markets finished the year on a bearish note, reports MarketWatch. Because jobless claims fell, investors are worried that the Fed will consider it a sign of a strengthening economy and raise interest rates in the new year. Despite the final-day fall, the Dow posted its biggest yearly gain since 2003, a rise of about 19%.

  • The Dow dropped 120 points to close at 10,428.
  • The Nasdaq fell 22 to finish at 2,269.
  • The S&P 500 dropped 11 to 1,115.

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