Stocks drop into the red in 2005
With the Dow average falling on the last day of trading today, the New York Stock Exchange is almost certain to post its first losing year since 2002. As of 12:14 p.m. CST, the Dow Jones Industrial Average was at 10,728.55, a drop of 56.27 for the day. It needs to nudge above 10,783.01 to close out 2005 in the black.
The silver lining? President Bush's proposal to allow citizens to invest a portion of their social security in the stock market remains politically dead in the water.