July 2, 2008
Falling by -1.82 percent, the S&P500 closed at 1261.52; its price has now regressed beneath the previous low of 1273.37 hit on March 10, 2008. The DJIA crossed this same benchmark four trading days ago, on June 26, and after managing miniscule gains for two days, it dropped today to 11216.49.
Only the NASDAQ remains above its mid March low. But even this index has been on a slide since mid June, when it closed at 2474.78. In the intervening 12 trading days, it has declined to 2251.46 today. still at that price, the NASDAQ remains 3.8 percent above the low of the year on March 10.
The S&P500 today, however, is .9 percent below that March 10 low. But thatÂ’s better than the DJIA performance, now some -4.67 percent lower than its previous low point of 2008.
DJIA -1.46 percent
NASDAQ -2.32 percent
S&P500 -1.82 percent