Bank worries spread; stocks plunge

  1 vote
Recommend
The government's bailout of American International Group was not enough to stop speculation on which financial giant might be the next victim of the credit crisis. As investors stampeded out of financial shares the broader market was pushed to its worst close in two years.The Dow tumbled 449 points, or 4 percent, to 10,609.The S&P 500 saw a 57-point decline to 1,156.The Nasdaq saw a 109 point hair cut, a drop of just under 5 percent.Conway Gittens reports from New York.


dotclear
Other Videos

Detroit impacts Mexico's economy

Mexican auto workers fear their economy will be hurt if a U.S. automaker were to go...
» view video

Auto bailout plan hits $34B

Executives from the beleaguered U.S. auto industry are driving into the nation's capital with...
» view video

Bulls rule despite economic gloom

Wall Street finished higher in another choppy session as investors overlooked recession jitters...
» view video

Labor market worsens

Recession worries gained further momentum on Wednesday after a private report showed U.S....
» view video

Thailand's fragile economy

Airports in Thailand's capital resumed limited service after protestor's ended a week long...
» view video
dotclear
video Video categories
» Home » Specials » World 
» Business » Technology » U.S. 
» Science » Health » Movie Reviews 
» Movies » Music » People 
» Sports » Gadgets » Video Games 
SHARE THE VIDEO:
Del.icio.us Digg Stumble Upon
Facebook Newsvine Mixx

» E-mail To A Friend
dotclear
dotclear
dotclear
Photos Gallery
dotclear
Today's Latest News
Lil Wayne Has the Lead in Grammy NominationsLil Wayne Has the Lead in Grammy Nominations

» read full story
dotclear