The Dow Jones Industrial Average closed below its January low of 12,000 and all Major U.S. stock indices closed lower than they have in over seventeen months.
The S&P 500 closed the day at 1,293, its lowest level since August 2006. The Dow closed at 11,893, its lowest close since October 2006. The Nasdaq, at 2,212, closed at its lowest level since September 2006.
Capital preservation and risk management are the keys to successfully navigating these choppy waters.