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Dow Keeps Racking Up Grim Stats

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By TIM PARADIS The Associated Press

The Tampa Tribune

Published: October 8, 2008

NEW YORK - The misery worsened on Wall Street on Tuesday, with stocks piling on losses late in the session and bringing the two-day decline in the Dow Jones industrials to more than 875 points.

Steps by the Federal Reserve to reinvigorate the dormant credit markets ultimately weren't enough to calm nervous investors.

The magnitude of the stock market's plunge is reflected in the Dow's grim stats:

•It has fallen 33.3 percent since its record close of 14,164.53, a year ago Thursday.

•Tuesday's close at 9,447.11 was its lowest close in five years, since Sept. 30, 2003.

•In five trading days this month, and in the fourth quarter, it is down about 1,400 points, or 13 percent.

The Dow's percentage loss Tuesday was 5.11 percent, actually a better performance than the 5.74 percent suffered by the Standard & Poor's 500 index, which saw its first close below 1,000 in five years. The Nasdaq composite dropped 5.8 percent.

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