国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

WORLD> America
Dow plummets record 777 as financial rescue fails
(Agencies)
Updated: 2008-09-30 11:17

NEW YORK -- The failure of the bailout package in Congress literally dropped jaws on Wall Street and triggered a historic selloff -- including a terrifying decline of nearly 500 points in mere minutes as the vote took place, the closest thing to panic the stock market has seen in years.


Trader David O'Day rubs his eyes as he works on the floor of the New York Stock Exchange, Monday Sept. 29, 2008. The Dow Jones industrial average lost 777 points Monday after the House vote rejecting the Bush administration's $700 billion plan to buy up bad debt and shore up the financial industry. [Agencies]

The Dow Jones industrial average lost 777 points Monday, its biggest single-day fall ever, easily beating the 684 points it lost on the first day of trading after the Sept. 11, 2001, terrorist attacks.

As uncertainty gripped investors, the credit markets, which provide the day-to-day lending that powers business in the United States, froze up even further.

At the New York Stock Exchange, traders watched with faces tense and mouths agape as TV screens showed the House vote rejecting the Bush administration's $700 billion plan to buy up bad debt and shore up the financial industry.

Activity on the trading floor became frenetic as the "sell" orders blew in. The selling was so intense that just 162 stocks on the Big Board rose, while 3,073 dropped.

The Dow Jones Wilshire 5000 Composite Index recorded a paper loss of $1 trillion across the market for the day, a first.

The Dow industrials, which were down 210 points at 1:30 p.m. EDT, nose-dived as traders on Wall Street and investors across the country saw "no" votes piling up on live TV feeds of the House vote.

By 1:42 p.m., the decline was 292 points. Then the bottom fell out. Within five minutes, the index was down about 700 points as it became clear the bill was doomed.

"How could this have happened? Is there such a disconnect on Capitol Hill? This becomes a problem because Wall Street is very uncomfortable with uncertainty," said Gordon Charlop, managing director with Rosenblatt Securities.

"The bailout not going through sends a signal that Congress isn't willing to do their part," he added.

   Previous page 1 2 3 Next Page  
辽中县| 抚宁县| 惠安县| 雷山县| 个旧市| 道孚县| 伊川县| 江都市| 白城市| 旅游| 花莲县| 新竹市| 宣威市| 华安县| 霍州市| 加查县| 栾川县| 文成县| 临沭县| 伊春市| 贡嘎县| 慈溪市| 铜川市| 闽清县| 子长县| 射阳县| 会理县| 德惠市| 随州市| 山东| 即墨市| 静宁县| 德化县| 博湖县| 武平县| 读书| 确山县| 湟源县| 吴江市| 永福县| 台南县|