Monday, March 2, 2009

Wall Street Continues to free fall, The Dow brakes the 6k barrier

New York - Agencies

03/02/2009

Wall Street open today with a strong negative tendency and the Dow Jones Industries had loss almost 2% shortly after the opening bell, after learning The US Government has to rescue the insurance giant AIG once again, which registered record losses last year.


The Dow Jones index shrank 132 points, closing with 6.930 units, level not registered since October 1997, dropping from a high of 14.000 units last year. The Nasdaq reversed 1,3% and the S&P also loss 1,9%. Ouch!