January is bad for stocks

Story link: January is bad for stocks

In the duration of stocks being recorded on paper, January 2009 was clocked as the worst, thanks to the devaluation of currencies, the credit crunch and the collapse of the banking section, meaning stocks such as the Dow Jones finished around 8% down compared with the previous month.

January is bad for stocks

Stocks wrapped up their worst January on record with a final plunge on Friday.

The Dow Jones Industrial Average finished January down 8.84% on the month. Previously, the worst January for the Dow had been that of 1916, when it fell 8.64%. Friday, the Dow dropped 148.15 points to 8000.86 after briefly dipping below the 8000 mark. The Dow has fallen five straight months and in 12 of the last 15.