The Dow Jones on November 4th had an index value of 9521.26. Today it closed at a value of 7997.28. That’s a loss of 1523.98 points since the election. Oh, and the lowest value since 2003.
The selling on the New York Stock Exchange was staggering — only 158 companies that trade there finished the day positive while 2,943 declined. Volume again was light, a symptom of the market’s recent volatility, with 1.63 million shares exchanging hands by the close.
Other major indexes were also clobbered. The technology-heavy Nasdaq composite index fell 96.85 points, or 6.53 percent, to 1,386.42. The Russell 2000 index of smaller companies gave up 35.13, or 7.85 percent, to 412.38.
As Allah points out, it’s gotten to the point that Ford stock lost 25% of its value today. Oh, did I mention that nowadays that amounts to about 42 cents?
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