Thursday, October 09, 2008

Stocks continue to slide into abyss

NVDL: Going, going...
clipped from news.yahoo.com


NEW YORK - Wall Street has tried but failed to find some stability from an interest rate cut by the Federal Reserve and other big central banks. Stocks wavered throughout the day, moving in and out of positive territory and finally closing with another loss.

The Dow Jones industrials fell nearly 200 points, a sizable amount but less than the massive losses seen the first two days of this week. The other major indexes also had big drops.

A traffic light is pictured beside the Wall Street road sign in the financial district of New York September 19, 2008. (Lucas Jackson/Reuters)

The Dow is down 191 points at the 9,256 level.

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