The Dow Jones Industrial Average was conflicted today as it edged up and down with significant swings throughout the morning. News of Goldman Sachs’ (NYSE:GS) subpoena for financial records resulting from the company’s lack of compliance in responding to The Financial Crisis Inquiry Commission requests did little to help the financial giant’s stock as it lost 3.57 points today to close at $138.68 a share. Even good news, like the unveiling of the iPhone 4 at Apple's Worldwide Developers Conference couldn’t elicit a last minute rally as Apple (NASDAQ: AAPL) stock fell 4.94 points to close at $251.03. This was surprising since the much anticipated iPhone 4 has many improvements including better screen resolution, access to popular online games like Farmville and additional utilities such as access to Netflix films.
At the end of the day, the Dow lost a total of 115.48 points and closed at 9816.49. This is the lowest close the Dow has endured since November 2009. The Dow was in good company as European and Asian markets also slid down Monday. The Nasdaq closed down 45.27 points to close at 2173.90 and the S&P 500 closed at 1050.47, reflecting a loss of 14.41 points.
