Investors take $75-billion loss as stocks post worst day of year

Wall Street wrapped up its worst day of the year, with the Dow Jones industrial average posting its largest one-day point and percentage drop since Dec. 28. Here’s how America’s most-watched index is faring:

  • The index fell 97.33 points, or 0.76%, to 12780.95 – its first drop in three trading days.
  • Five of the Dow’s 30 components finished higher.
  • The index is down 9.77% from its record close of 14164.53 reached on Oct. 9, 2007; but it is up 95.22% from its 12-year closing low of 6547.05 on March 9, 2009.
  • The Dow is up 4.01% from 52 weeks ago, and 4.61% so far this year.

An even wider barometer of the stock market, the Wilshire 5000 Total Market Index, fell about a half percent on Wednesday. The drop equates to a paper loss of about $75 billion during the session.

However, the index is up 7.67% since the start of the year, and that’s about $1.2 trillion in gains to investors.  



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