Wall Street suffered a major setback on Thursday as speculation about a U.S. plan to invest in troubled banks failed to lift persistent worries of a global recession.
The Dow dropped 678 points, or 7.3 percent, to 8,579. The S&P 500 lost 75 points, or 7.6 percent, to 909. The Nasdaq fell 95 points, to 5.4 percent, to 1,645.Crude oil fell to near 12-month lows of $86.59.Conway Gittens reports from New York.SPEAKER: Alan Valdez, director of floor operations, Hilliard Lyons
