Dow Drops 445 Points

By | November 20, 2008

Dow 7,552.29 -444.99 -5.28%

Nasdaq 1,316.12 -70.30 -5.07%
S&P 500 752.44 -54.14 -6.71%

The three major indexes continue to fall and does not seem to hit anywhere near the bottom. It is difficult to predict how much lower we will go before the market turns around, but for now, the downtrend is very strong. Financial stocks took the biggest hit. The Financial Select Sector SPDR (XLF) closed below $10 today and marked a new 52 week low.

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