Dow Jones Industrial Average (DJIA) Summary
Index Value: 12,209.81
Trade Time: June 06
Change: Down 394.64 (-3.13%)
Prev Close: 12,604.45
Open: 12,602.74
Day's Range: 12192.06 - 12603.07
52wk Range: 11,508.70 - 14,280.00
It was a whopping decline in WallStreet as it suffered a huge sell-off. The loss was almost double its previous day's gain of 200 points and was the worst one day decline in 15 months. The US unemployment rate which rose 5.5% in May (its highest level since 2004) weighed down the market and the DJIA closed near its low.
Another big drag was that World Crude prices surged once again to new record highs (above US$ 138 a barrel) as it jumped almost $11 (its biggest one day advance for one day in dollar terms).
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