Inauguration Day Wrap-Up: A Grim Reminder Of Obama's Challenge

This article is more than 12 years old.

Stock prices fell broadly, serving a reminder of the economic troubles confronting President Barack Obama. The key averages lost 4 percent or more.

The Dow declined 332 points to 7,949.

The S&P dropped nearly 45 points to 805.

And the Nasdaq composite lost 88 points to 1,440.

Declining issues led advancers by a 9 to 1 on the New York Stock Exchange. Volume on the NYSE came to 6 billion shares. Nasdaq stock market volume was 2 billion shares.