Monday’s Market Recap (09/29/2008)
The markets crumbled today when investors panicked after the House rejected the government’s proposed financial bailout plan. 228 representatives rejected the proposal while only 205 voted in favor. The Dow Jones Industrial Average plunged 777.68 points or 6.98%, the single largest one day point drop since 1987, to close at 10365.45. This 777.68 point drop eclipses the previous drop of 684.81 which occurred the first trading day after [More...]
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