November 20, 2008 3:08 PM PST
Yahoo shares hit $8 range
Yahoo fell into a new dollar range on Thursday, pushed into the high $8 a share bracket as the broader markets took a beating.
Yahoo closed at $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 $9 a share range and the day before that the $10 a share range.
Dawn Kawamoto covers enterprise security and financial news relating to technology for CNET News. E-mail Dawn.
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It's bound to go up eventually.
Yahoo has painted itself into an ever smaller corner, and getting smaller by the day.