In US market, stocks plunged as the House of Representatives rejected the $ 700 billion bailout plan to rescue the financial system. The S&P 500 index tumbled the most since the 1987 crash, the Dow saw it's biggest single day point fall in history and was down nearly 800 point.
Bond prices soared, dollar was mixed and credit remains frozen. Crude tanks and was trading below $ 96/bbl while gold prices zoomed.
The Dow plunged 777.68 points, Or 6.98% percent, to 10,365.45. The S&P 500 index fell 106.62 points, or nearly 9 percent, to 1,106.39. The Nasdaq slipped 199.61 points, more than 9 percent, to 1,983.73.
Tuesday, September 30, 2008
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