Dow Drops 120 to End '09

But yearly gains are still biggest since 2003
By John Johnson,  Newser Staff
Posted Dec 31, 2009 3:10 PM CST
Dow Drops 120 to End '09
The New York Stock Exchange Christmas tree is covered in snow on the final trading day of 2009, Thursday, Dec. 31, 2009, in New York.   (AP Photo/Henny Ray Abrams)

The markets finished the year on a bearish note, reports MarketWatch. Because jobless claims fell, investors are worried that the Fed will consider it a sign of a strengthening economy and raise interest rates in the new year. Despite the final-day fall, the Dow posted its biggest yearly gain since 2003, a rise of about 19%.

  • The Dow dropped 120 points to close at 10,428.
  • The Nasdaq fell 22 to finish at 2,269.
  • The S&P 500 dropped 11 to 1,115.
(More Dow Jones stories.)

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