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Dow Jones Takes Another Record Plunge

NEW YORK -- Nearly a week after setting the worst one-day point drop in history, the Dow Jones Industrials broke that record today, plunging 800 points, and then recovering some of that ground and closing down nearly 370 points.

By Michelle A. Samaad | Updated on October 06, 2008

NEW YORK — Nearly a week after setting the worst one-day point drop in history, the Dow Jones Industrials broke that record today, plunging 800 points, and then recovering some of that ground and closing down nearly 370 points.

Worried investors appear not to have much confidence in $700 billion rescue plan passed last week and as a result, the markets have taken a beating for most of today, the Associated Press reported. For the first time since 2004, the Dow dropped below 10,000 with all the major indexes falling more than 7%.The Dow Jones Industrial Average closed at 9,955.50, down 3.58%, or 369.88 points. The other major market indexes posted similar percentage loses at the close.

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