Dow Jones index drops below 10,000
Mon, 2008-10-06 12:36 - Topics:
Washington: The Dow Jones Industrial Average Monday fell below 10,000 points for the first time in four years and the S&P 500 reached a four-year low on worries about more bank bail-outs in Europe and tumbling commodity prices.
Trading halted in Russia and Brazil as stocks plunged. Goldman Sachs Group Inc., Morgan Stanley and Bank of America Corp. fell more than 6.3 percent after the German government led a bailout of commercial-property lender Hypo Real Estate Holding AG and BNP Paribas SA bought Fortis's Belgium bank.
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