Dow Suffers Big Loss

By: Associated Press Email
By: Associated Press Email

Stay up-to-date with KAKE News:

Wall Street has ended a stunning session with a
huge loss, with the Dow Jones industrials plunging more than 735
points -- their largest point drop ever -- after the failure of the
financial bailout plan in the House.

Stunned traders on the floor of the New York Stock Exchange
watched on TV screens as the House voted down the plan. And they
saw stock prices tumbling on their monitors.

The plan's failure means no one knows how the financial sector
hobbled by hundreds of billions of dollars in bad mortgage bets
will recover. The credit markets remain close to frozen as banks
are too afraid to lend -- including loans to to other banks.

The Dow is down about 738 points at the 10404 level.


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
KAKE TV 1500 N. West Street Wichita, KS 67203-1323 (316) 943-4221
Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 29902129 - kake.com/a?a=29902129
Gray Television, Inc.