News
DJIA All Time Closing High Occurred One Year Ago Today
Yes, one year ago today the DOW set an all-time closing high of 14,164.13 (10/9/07). Today the DOW closed at 8,579.19 and is now down -39.43% from that all-time closing high.
The DOW set an all-time intraday high on 10/11/2007 at 14,279.96
So we have now been in a decline for 1 year.
Weeee…Biggest Dow Drop In History
Thanks to some extra selling just before the closing bell, the Dow managed to post its worst loss in history today, down -777.68 points (-6.98%).
The previous record drop of 684.81 took place on September 17, 2001 during the post-tech bubble recession and was steeper than today’s on a relative basis (-7.1% compared to today’s [...]
Bank of America & Chevron Added to Dow
BAC – Bank of America Corp. and CVX – Chevron Corp. will replace tobacco company MO – Altria Group, Inc. and manufacturer HON – Honeywell International, Inc. in the Dow Jones industrial average, giving the stock market’s best-known indicator bigger slices of the banking and energy sectors.
BAC – Bank of America, based in Charlotte, [...]
Dull,Slow Day for the Markets
Today, earnings season got underway for the last quarter of 2007. We had an earnings report from Dow componet AA – Alcoa which closed at $39.72, up $1.43 (+3.71%).