How low will the Dow Jones Industrial Average go this year?

By PBN Staff
Posted 3/3/09

The Dow Jones Industrial Average fell below 7,000 points yesterday, for the first time since May 1997, largely on news that ailing insurance and reinsurance giant American International Group Inc. (NYSE: AIG) recorded a fourth-quarter loss of $61.7 billion, the largest quarterly loss in U.S. history.

Although the stock markets appeared headed for a higher open today, according to Bloomberg News, market observers wonder whether the federal government’s multiple bailouts of AIG may be a sign that other large U.S. financial institutions are also going to continue to receive large infusions of taxpayer money to keep them from failing.

In the past two months, the Dow has lost nearly 23 percent of its value. Its March 2 close of 6,764.81 was nearly 49 percent below its 52-week high of 13,191.49 points. How low can the Dow go before it hits bottom?

PBN Hosted

Join PBN for the best networking event and party of the winter - January 15, 2015 - the Book of Lists Party at the Providence Public Library. Reserve your spot by December 31st and get a holiday gift from PBN!
  • Best Places to Work
    Enrollment is now open for the 7th annual Best Places to Work program. Winners w ...
  • Manufacturing Awards
    Applications are now being accepted for the 2nd Annual Manufacturing Awards. Dea ...
Purchase Data
Book of Lists
Book of Lists cover
PBN's annual Book of Lists has been an essential resource for the local business community for almost 30 years. The Book of Lists features a wealth of company rankings from a variety of fields and industries, including banking, health care, real estate, law, hospitality, education, not-for-profits, technology and many more.
Data icons
Data can be purchased as single lists, in either Excel or PDF format; the entire database of the published book, in Excel format; or a printed copy of the Book of Lists.
  • Purchase an e-File of a single list
  • Purchase an e-File of the entire Book of Lists database
  • Purchase a printed copy of the Book of Lists
    Latest News