Thursday, October 2, 2008

Dow Sinks 348 Points As Congress Drags Feet

Dow Sinks 348 Points As Congress Drags Feet

4:15PM EST: U.S. stocks dropped for a second day as a jump in borrowing costs and reports showing a worsening economy spurred concern that the government's $700 billion bank bailout plan won't be enough to stimulate growth.

The S&P500 Index slid 46.74, or 4 percent, to 1,114.32. The Dow Jones Industrial Average lost 348.54, or 3.2 percent, to 10,482.53. The Nasdaq Composite Index slipped 4.5 percent to 1,976.72.

(Source: Bloomberg)

http://www.theyeshivaworld.com/article.php?p=24220


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