by The Associated Press
Published: Mon, October 06, 2008 - 9:34 am CST
Last Updated: Mon, October 06, 2008 - 9:57 am CST
NEW YORK (AP) - Wall Street is plunging, with the Dow Jonesindustrials down more than 500 points amid growing fears that the
credit crisis is spreading around the world.
Investors are realizing that the Bush administration's $700
billion rescue plan won't work quickly to unfreeze credit markets,
and many banks are still having difficulty gaining access to cash.
European governments also took steps over the weekend to limit the
damage from the growing global financial crisis.
The Federal Reserve also took fresh steps to help ease credit
markets Monday.
The Dow is down more than 570 points at the 9,747 level.
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(Copyright 2008 by The Associated Press. All Rights Reserved.)
Wall St. Jumps On Positive Economic Data
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