Stocks Fall Below 8,000 Mark For First Time In Five Years
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It was yet another dismal day on Wall Street Wednesday, as shaky investors wondered about the future of the big three auto makers.
Stocks took a sharp plunge, falling below the 8,000 mark for the first time since 2003.
The Dow Jones industrial average closed down 427 points at 7,997 – a loss of five percent.
The Nasdaq and S & P also took a nose dive.
Reports of stalled efforts to bail out the auto industry plus a worsening housing market fueled the sell off.