Monday, October 06, 2008
Tough day for stocks
Stocks dropped dramatically today, with the Dow down as much as 800 points during the session before clawing back some of the day's losses. By the end of the day the Dow Jones industrial average was down more than 300 points. This roller coaster ride was the result of unease as the $700 billion bank bailout plan and attempts by European governments to prop up their faltering banks failed to comfort panicky investors.