September 24, 2002

Talk of a possible war with Iraq, dim profit forecasts and disappointment that the U.S. Federal Reserve left interest rates unchanged sent stocks reeling AGAIN today, driving the blue-chip Dow average to its lowest close in four years.

The Dow Jones industrial average <.DJI> slumped 189.02 points, or 2.4 percent, to 7,683.13, according to the latest data. It was the lowest close since Oct. 1, 1998, when the Dow average ended at 7,632.53.

The broader Standard & Poor's 500 Index <.SPX> was down 14.43 points, or 1.73 percent, at 819.27 and the technology-laced Nasdaq Composite Index <.IXIC> was down 2.79 points, or 0.24 percent, at 1,182.14.

On Monday, the Nasdaq closed below 1,200 for the first time since September 1996.

Thank you, BFEE, whore media, and neutered Dems.

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