Dow Off 251; Lowest Close Since '97

Financials do better on reports of that nationalization will be gentle
By Nick McMaster,  Newser Staff
Posted Feb 23, 2009 3:09 PM CST
Dow Off 251; Lowest Close Since '97
Specialist Michael Sollitto works on the floor of the New York Stock Exchange in this undated file photo.   (AP Photo)

Stocks fell today as concerns about waning global demand sank shares of giants like IBM, Hewlett-Packard, General Electric, and Alcoa, the Wall Street Journal reports. Citigroup bucked the trend on reports that a government takeover wouldn’t wipe out shareholders, and rose 11%. The Dow fell 250.89 to 7,114.78. The Nasdaq lost 53.51 to close at 1,387.72, and the S&P 500 fell 26.72, settling at 743.33—its lowest close since 1997. (More Dow Jones stories.)

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