Edited for closing bell levels… The Dow Jones Industrial Average went under 12,000 today for the first time since March 23, 2011 and we are now looking at six straight weeks of losses in stocks. This represented a drop of about 1,000 points from the peak so far in 2011, but investors need to remember that the DJIA has a 52-week trading range of 9,596.04 to 12,928.50.
Here was a market snapshot at 4:00 PM EST with unofficial closing bell levels:
- DJIA. 11,954.90 (-169.46; -1.40%)
- NASDAQ 2,643.73 -41.14; -1.53%)
- S&P500 1,270.97 (-18.03; -1.40%)
- 30YR-TBOND 4.18% (-0.04)
- 10YR-TNOTE 2.971% (-0.027)
- VIX 18.68 (+0.91)
So, here is what we want to know. Do you care?
JON C. OGG