The DOW Three Month Picture
So much for a rebound. After ending last week with its third-worst day of the year, the Dow took another triple-digit hit and closed at fresh 2010 lows on Monday as risk aversion continued on Wall Street, slamming technology, industrial and financial stocks especially.
Today's Markets
The Dow Jones Industrial Average fell 115.48 points, or 1.16%, to 9816.49, the Standard & Poor's 500 sank 14.41 points, or 1.35%, to 1050.47 and the Nasdaq Composite dropped 45.27 points, or 2.04%, to 2173.90. The FOX 50 declined 9.79 points, or 1.25%, to 775.84.
There didn't appear to be one new spark for the latest wave of selling, but the markets remain jittery over Friday's weaker-than-expected jobs report that drove a 324-point plunge on the Dow. While some predicted bargain hunters would be enticed by the beaten-down stock prices, the bulls failed to post a sustainable rebound and the markets ended near session lows and at their worst levels since Nov. 2009.
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