Dow Closes Barely Above 10,000 After Briefly Dipping Below That Level

The stock market punctuated a ghastly week with a severe selloff, topped by the Dow Jones Industrial Average briefly dipping below the 10,000 late this afternoon before recovering to close slightly above that five-figure mark.

Major Indices INDEX CHANGE % VALUE Dow -266.90 -2.59% 10,019.71 S&P 500 -36.01 -2.81% 1247.41 Nasdaq -75.01 -2.73% 2731.83 Russell 2000 -4.62 -1.10% 414.69 TSC Internet -10.99 -1.64% 685.10 BOND CHANGE PRICE YIELD 30-Year Treasury 23/32 98 1/32 6.261% Market data as of: 4:21 PM EDT, Fri Oct 15 1999

The Dow fell below 10,000 around 3 p.m. EDT, bottoming at the 9998.18 level. The Dow hadn't traded below 10,000 since the spring. ...