Dow falls 332 as stocks rain on Obama’s parade
Business • January 2009 • Views: 359
Financial markets gave Barack Obama no inauguration honeymoon.
As the nation’s 44th president took office from George W. Bush and walked up Pennsylvania Avenue to the White House on a cold, sunny afternoon, deepening fears about financial companies battered stocks to two-month lows.
At the close, the Dow Jones Industrial Average was down 332 points, or 4%, to 7,949.