Some Good Stock Market News

Posted by: Chris Palmeri on March 4, 2009

Today’s Dow Jones Wilshire 5000 close of 7,235.62 is up 171.93 points, or 2.43 percent.

· This represents a paper gain for the day of approximately $200 billion.

· Although the overall index was up, the DJ Wilshire U.S. Banks Index is down -5.01 percent today.

· For the year the DJ Wilshire 5000 index is down -20.38 percent or approximately $2.2 trillion.

· Since Inauguration Day, January 20, 2009, the DJ Wilshire 5000 is down –11.04 percent or $1.1 trillion.

· Since the original stimulus package passed the House on January 28, 2009, the DJ Wilshire 5000 is down –17.91 percent or $1.9 trillion.

· Since the Lehman Brothers file bankruptcy the morning of September 15, 2008, the DJ Wilshire 5000 is down –43.32 percent or $6.6 trillion and the DJ Wilshire U.S. Banks Index is down -69.93 percent.

· Since October 9, 2007 market high, the DJ Wilshire 5000 index is down –54.22 percent or $10.7 trillion.

 

About

BusinessWeek editors Chris Palmeri, Prashant Gopal and Peter Coy chronicle the highs and lows of the housing and mortgage markets on their Hot Property blog. In print and online, the Hot Property team first wrote about the potential downside of lenders pushing riskier, "option ARM" mortgages and the rise in mortgage fraud back in 2005—well ahead of many other media outlets. In 2008, Hot Property bloggers finished #1 in a ranking of the world's top 100 "most powerful property people" by the British real estate website Global edge. Hot Property was named among the 25 most influential real estate blogs of 2007 by Inman News.

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