Yahoo shares hit US$8 range

By Dawn Kawamoto, CNET News.com
Friday, November 21, 2008 10:44 AM

Yahoo fell into a new dollar range on Thursday, pushed into the high US$8 a share bracket as the broader markets took a beating.

Yahoo closed at US$8.95 a share, down 2 percent, as the Dow Jones Industrial Average cratered 444.99 points to close at 7,552.29.

For Yahoo, its shares have not traded at this point since February 2003, while the S&P 500, which fell 6.71 percent to 752.44, has not seen these levels since 2002.

The markets reacted late in the session as signs pointed to a delay in moving a massive bailout for the automotive industry forward.

Last week, Yahoo's shares moved in the US$9 a share range and the day before that the US$10 a share range.

This article was first published as a blog on CNET News.com.


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