NEW YORK — The stock national and global stock markets were still skittish this morning following a 777.8 drop from the Dow Jones industrial average, making the decline the biggest, one-day drop in history.

The Dow went into a tailspin yesterday afternoon following legislators rejection of a $700 billion plan to revive the nation's financial system. Bloomberg reported this morning that Dow Jones industrial average futures gained 165 or 1.6% to 10,639 on signs that a revamped bailout bill will likely pass. Other stock market indices including S&P 500 futures and NASDAQ rallied slightly.

David Marks, chief investment officer and executive vice president of CUNA Mutual Group, said it was disappointing that Congress did not approve the rescue plan yesterday. He is optimistic, however, that something will get done eventually "because the financial market is at stake." Marks said because Rosh Hashanah, the Jewish new year, starts today, he is not sure how much work will get down from legislators.