Dow Ends at Lowest Close in More than 6 Years

NEW YORK (AP) - The Dow Jones industrial average is ending at
its lowest level in more than six years.

The Dow has hovered around its lows of November since Tuesday when the blue chips tumbled 300 points. The Dow's finish below the
Nov. 20 mark leaves the index its lowest level since Oct. 9, 2002.

Worries about the economy and, on Thursday, the strength of the technology industry, weighed on stocks.

The Dow is ending down 89.68, or 1.2 percent, at the 7,466 level.

The Standard & Poor's 500 index is down 9 at the 779 level. The technology-heavy Nasdaq composite index fell 25 to 1,443.

The government reported today that the number of people on
unemployment benefits has risen to a record high near 5 million.
And the Labor Department says new jobless claims remained well
above 600,000 last week.

A gauge of wholesale inflation rose in January. The Labor Department says producer prices jumped 0.8 percent last month, marking the biggest increase since July.

A private sector measure of economic activity jumped unexpectedly in January, the second straight monthly increase.


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