Greenspan Fails To Bolster Market | Internet News

Greenspan Fails To Bolster Market

Written By
Chris Nerney
Chris Nerney
Jul 17, 2002
2 minute read

The Dow Jones’ current dismal stretch turned darker Tuesday as blue chips never got above water, finishing down 166 points to 8473. It marked the seventh consecutive drop for the Dow, the longest losing streak for the industrials index in 18 years.

Despite optimistic words about the economy Tuesday morning from Federal Reserve chief Alan Greenspan, all major indexes lost ground. The Nasdaq gave back most of Monday’s slight gain, falling 7 points to 1375 after spending most of the day in the black. The S&P 500 never climbed out of an early hole, winding up the day with a loss of 17 points to 901. However, the Internet Stock Index, or

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