Dow below 9000 -- a 5-year low

Posted by LS

Dow industrials fall over 600 points, below 9,000

By TIM PARADIS, AP Business Writer

NEW YORK (AP) - Stock traders stepped up their selling in the final hour of trading. The Dow Jones industrial average ended down 680 points, dropping below the 9,000 mark for the first time in five years.

Financial, energy and health care stocks led the decline Thursday. General Motors Corp. led the Dow lower, falling nearly 30 percent.

It's about a 7% loss for the day. The blue chips hadn't fallen below the 9,000 level since Aug. 6, 2003.

(Copyright 2008 by The Associated Press. All Rights Reserved.)