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Stocks Drop Below 10,000; First Time Since 2004
A slide of more than 3 percent in oil prices underscored concerns about the toll of the credit crisis on the outlook for global economic growth.
Monday, October 6, 2008
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NEW YORK (Reuters) - Stocks tumbled on Monday as investors feared that the widening fallout from the credit crisis will push the economy into recession.
A slide of more than 3 percent in oil prices underscored concerns about the toll of the credit crisis on the outlook for global economic growth.
The Dow Jones industrial average was down 560 points, or 5% percent. The Standard & Poor's 500 Index was down 37.99 points, or 3.46 percent, at 1,061.24. The Nasdaq Composite Index was down 7 percent, at.
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