Wall Street had its worst day since markets reopened after the September 11 attacks on Monday as fears about the US financial system's stability surged after Lehman Brothers filed for bankruptcy and insurer AIG struggled for survival.
The benchmark Standard & Poor's 500 index fell 59.00points, or 4.71 percent, to 1,192.70 -- posting its biggest drop since the day that markets reopened after the September 11 attacks in 2001.
The S&P 500 also tumbled to its lowest close since October 2005, taking out a key technical support level as it fell.
The Dow Jones industrial average slid 504.48 points, or 4.42 percent, to 10,917.51 -- its biggest one-day point drop since September 2001.
The Nasdaq Composite Index dropped 81.36 points, or 3.60 percent, to 2,179.91.
Tuesday, September 16, 2008
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