Stocks Plummet; Dow Falls 281

Dow blows by Tuesday low
By Nick McMaster,  Newser Staff
Posted Mar 5, 2009 3:24 PM CST
Stocks Plummet; Dow Falls 281
Floor official Gregg J. Maloney looks at his monitor as he works the trading floor of the New York Stock Exchange today.   (AP Photo)

Stocks fell today, with the Dow passing the bear-market low it set Tuesday, and two giants of US banking and manufacturing trading at less than $2, MarketWatch reports. Mounting problems at Citigroup and General Motors drove their shares to $1.02, and $1.95, respectively. The Dow dropped 281.40 to close at 6,594.44. The Nasdaq lost 54.15, closing at 1,299.59, while the S&P 500 lost 30.32 to settle at 682.55. (More Dow Jones stories.)

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