Saturday, May 29, 2010

Dow in Worst May in 70 Years

The Dow Jones Industrial Average is sure to glad May is almost over, as its performance in the Month before summer was the worst in 70 years.

You have to go back to 1940 to find a worst performance for the month.

In its final trading day of May, the Dow fell 122.36 points to 10,136.63, a 1.2 percent decline. The Dow finished down 7.9 percent for the month.

The Standard & Poor’s 500 Index dropped another 1.2 percent on Friday to 1,089.41, as financial shares took a hit after the downgrade of Spain by Fitch Ratings.

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