Stock Market Plummets Again

The stock market plunged to its lowest point in five years on the eve of the anniversary of hitting its highest point. The Standard & Poor’s 500 Index closed at 909, while the DJIA dropped to 8,579. A year ago, the S & P; was at 1,562 and the Dow Jones Industrial Average was at 14,078. The NASDAQ didn’t hit its high until the end of October 2007, when it was at 2,859. The NASDAQ closing price on Thursday was 1,645, a 42.5 percent downturn.