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Dow Jones Below 8000 points
- Filed under: Stock Market Crash, World Market
- Date: Nov 20,2008
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Dow jones Industrial average today went down by more than 427 points to close below 8000 points at 7997 points ,So Dow ,Nasdaq and S&P 500 closed at 5 years low.US market which after a long time went up yesterday had erased all the gain it had yesterday , The Market dint have any good news to go in green, Investors are concerned over the fate of U.S. automakers,and very disappointing economic data, and very bad outlook from the Fed left the market in deep red.
Market Movers
>S&P 500, Nasdaq take out 5-year intraday lows
>CPI falls by a larger-than-expected amount of 1.0% in October, largest seasonally adjusted monthly drop since at least 1947
>Housing starts, building permits fall to record low in October
>Fed cuts economic growth forecasts for 2008, 2009 and 2010
>Automakers fall as executives testify to House Financial Services Committee in an attempt to get a loan
