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Dow Sinks Below 10,000

The Dow Jones Industrial Average sank below 10,000 Monday, closing at 9,908.39. So what? In market analysis, round numbers like 10,000 often trigger a change in market sentiment.

For example, when the Dow first pushed through 10,000 on the upside in 1999, investors and traders took this as a sign of strength. Conversely, when it crashed through 10,000 on its way down to 6,400, panic gripped Wall Street. Then, in 2009, we had a bounce back through 10,000 on the upside in November. Again, investors and traders saw this as a sign of strength.

Continue reading Dow Sinks Below 10,000

Symbol Lookup
IndexesChangePrice
DJIA+33.6012,529.75
NASDAQ-10.742,839.38
S&P 500+1.821,320.68

Last updated: May 24, 2012: 09:52 PM

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