04/05/2009 05:12 am ET Updated May 25, 2011

Slump Humbling Blue-Chip Stocks, Once Dow's Pride

The banking giant Citigroup commanded a stock price of $55 just two years ago. But at one point Thursday, as markets hurtled to their lowest close in 12 years, the shares were worth less than an item at the Dollar Store.

After months of breathtaking declines, this is what Wall Street has come to: Blue-chip companies, once considered safe investments and cornerstones of the economy, are akin to penny stocks.

Read more on New York Times