Tuesday, January 20, 2009

Wall Street greets Obama with historic drop

Not everyone is happy with the swearing in of President Barack Obama.

The Dow Jones industrial average greeted the inauguration of the new Democratic president by dropping 332.13 points or more than 4 percent.

It was the worst inauguration showing by the blue chip index since the Eisenhower administration.

So much for hope. So much for change.

1 comment:

Anonymous said...

"January 21:
Dow jumps 279; Apple earnings cheer Street: Apple shares jump on a decent outlook. The Dow rises after IBM says 2009 earnings will be better than expected. Bank stocks rebound as the new administration works on a new rescue package."