Dow Tumbles To A Six-Year Low

(AP) The Dow Jones industrial average tumbled to its lowest close in more than six years on Thursday as sharp declines in key financial shares led the market lower.

The blue chips broke through a psychological barrier established in November to close at their lowest level since Oct. 9, 2002, the last bear market low.

The feeble performance marks a setback for many investors who hoped the Nov. 20 finish would mark the low point of the market’s extended decline from its October 2007 highs.

The market’s inability to rally also signals that investors see no immediate end for the recession, which is already 14 months old and one of the most severe in decades.

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