Dow Plunges Nearly 300

Global markets set losing tone for NYSE
By Nick McMaster,  Newser Staff
Posted Feb 17, 2009 3:14 PM CST
Dow Plunges Nearly 300
James McGuire Sr., looks at an overhead monitor from the floor of the New York Stock Exchange, Tuesday, Feb. 17, 2009, in New York.   (AP Photo/Henny Ray Abrams)

Stocks plunged today as President Obama signed the economic stimulus package into law, MarketWatch reports. With a negative tone set by losses in the overseas stock markets, financials led declines, with Bank of America, Citigroup, JP Morgan Chase, and American Express all down at least 9%. The Dow lost 297.81 points to close at 7,552.60, less than a point off the five-year low on Nov. 20, notes the Wall Street Journal. The Nasdaq fell 63.70 points, settling at 1,471, and the S&P 500 dropped 37.66 points to close at 789.
(More Dow Jones stories.)

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