The Dow Jones Industrial Breaks 100 on the Downside

The Dow Jones industrial average broke 100 on March 10th. The stock market was down 2.28% that day, equivalent of about a 500 point drop now. I'd been watching a stock called City Service Preferred Stock which had sold at $84 the previous year,. It sold at $55 the year early in January, two months earlier. And now it was down to $40 on March10th. So my dad the next morning bought three shares.