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Dow Jones Industrial Average Index Biggest Correction Since 2002

Date: 6/11/2011


Dow Jones Industrial Average Index Biggest Correction Since 2002. The Dow Jones Industrial Average Index fell below 12,000 for the first time since March and the Nasdaq gave back all of this year's gains in late morning trading Friday.

Growing concerns about the global economy spurred the sharp selloff of U.S. stocks Friday.The market is on track for their sixth straight weekly loss -- the longest weekly losing streak since the fall of 2002. The market's last seven-week stretch of losses began in May 2001, as the dot-com bubble deflated.

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