Dow Jones lost 250 points

Dow Jones is almost down for 6 straight sessions now , The Dow Jones industrial average (INDU) lost 250 points, or 2.9%, now it has reached what it was at Dec. 1.Nothing was going good for the US market .After the market hours Steve Job of Apple said that he is going on medical leave most probably until mid of this year .

What was Moving the Market

>Citigroup and Morgan Stanley establish joint brokerage venture.
>Reports indicate Deutsche Bank will post a fourth quarter loss.
>Companies continue issuing cautious commentary and earnings guidance.
>Advance December retail sales disappoint.
>Nortel one of the big telecom company in Canada filed for bankruptcy.