October 06, 2008 7:27 PM ET
Global selling pushes the Dow down 370 points to its lowest close since October 2004, but losses are chopped in half at the close. Oil falls under $88. Investors boo Bank of America's dividend cut. Stocks to watch: Bank of America, Wells Fargo, Citibank, Monsanto and Apple. | Read more |
The next crisis: The economy![]() The banking system's meltdown will run its course soon enough. Then we'll have to face the reality of the coming severe recession. Contrarian Chronicles What's in a $1,000 omelet?![]() Some New York restaurants fall all over themselves to create menu items with 4-digit price tags. But can a fancy breakfast (or sundae, or pizza) really be worth so much? Extreme Luxury
Financial news centerCredit jitters sink stocks at openNEW YORK (Reuters) - Stocks slid at the open on Monday as widening fallout from the credit crisis fueled concerns about the economy and the profit outlook. 10/6/2008 9:39 AM
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Market update
[BRIEFING.COM] On Monday, stocks plummeted across the world on global financial and economic concerns, although late-session buying interest helped U.S. stocks pare more than half of their losses in the final hour of trade.
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