The Dow Jones hit its lowest point total in 12 years yesterday after insurance company American International Group's (AIG) huge quarterly loss added to worries about the U.S. financial sector.
The Dow Jones industrial average (INDU) fell nearly 300 points, or 4.2 percent, to close at 6,763.29, its lowest level since April 25, 1997.
The S&P 500 index lost 34 points, or 4.7 percent, closing at its lowest point since Oct. 28, 1996.
Source:
CNNMoney.com: Dow below 7,000