Dow Closes at Its Lowest Level in More Than Six Years

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Source: ABC News

BREAKING NEWS> Dow Closes at Its Lowest Level in More Than Six Years

Read more: http://abcnews.go.com/

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http://www.cnbc.com/id/29278795

Dow Hits 6-Year Low as Banks Tank

Stocks tumbled Thursday as anxiety over how the Obama administration will fix the crippled financial system pushed the Dow to its lowest level in more than six years.

The Dow Jones Industrial Average shed about 89.68, or 1.2 percent, ending at 7,465.95, its lowest close since October 2002.

The S&P 500 lost 1.2 percent to end at 778.94, while the Nasdaq dropped 1.7 percent to close at 1,442.82.