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Stocks: 5-year lows
Dow falls below 9,000 for first time since '03 - on the 1-year anniversary of all-time high.
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By Alexandra Twin, CNNMoney.com senior writer
Last Updated: October 9, 2008: 3:47 PM ET
To put in perspective just how hard the stock market has been hit over the last 12 months: a year ago today the Dow closed at an all-time high of 14,164.53. As of Wednesday's close, it has lost 33%.Also a year ago today, the S&P 500 hit an all-time high of 1565.15. As of Wednesday's close, it had lost 37%.
The Nasdaq has never come close to its record of 5048.62 hit on March 10, 2000, at the end of the tech bubble. But after hitting a six-year high of 2859.12 last Halloween, the Nasdaq has slipped 40%, as of Wednesday's close.