With oil prices hitting a new record and GM's stock under $10 (last time it was there was when Ike was president), Wall Street officially went into bear market territory, with the Dow ending the day at 11,215.51. And that's just over 20% below the high of 14, 164.53 last October. An analyst told Bloomberg News, "Investor sentiment is clearly miserable right now."
Published Jul 2, 2008
Modified Jul 31, 2008
We rely on your support to make local news available to all
Make your contribution now and help Gothamist thrive in 2023. Donate today
