9/4/08- Market Dives as Financial Sector Falls

The Dow dropped 344.65 today to close at 11,188.23, while the S&P dropped 38.15 to close at 1,236.83. NASDAQ closed at 2,259.04 down 74.69. Some good news was oil was down 1.46 to close at 107.89 per barrel. The 10 year treasury note was up .56 to close at 103.03 bringing the yield down to 3.63. The dollar gained .01703 against the Euro so one Euro buys $US 1.43246. Financial sector continues to drag the market down because of fears of worsening economic news. That's it from Atlanta.