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.

Complete your profile to continue reading and get FREE access to, part of your ALM digital membership.

Your access to unlimited content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including and

Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2023 ALM Global, LLC. All Rights Reserved.