February 10, 2009 / 9:10 PM / in 9 years

US STOCKS SNAPSHOT-Wall St tumbles on bank plan skepticism

 NEW YORK, Feb 10 (Reuters) - U.S. stocks tumbled more than
4 percent on Tuesday as investors pummeled bank shares on
concerns that a reworked plan to shore up the financial sector
may not be enough to thaw credit markets and alleviate the
deepening recession.
 * The Dow industrials posted its biggest one-day percentage
loss since Dec. 1, with all 30 components ending in negative
territory.
 * The S&P index of financial stocks .GSPF fell 11
percent, while the KBW index of banking stocks .BKX dropped
about 14 percent.
 * The Dow Jones industrial average .DJI fell 386.85
points, or 4.68 percent, at 7,884.02. The Standard & Poor's 500
Index .SPX dropped 42.97 points, or 4.94 percent, at 826.92.
The Nasdaq Composite Index .IXIC shed 66.83 points, or 4.20
percent, at 1,524.73.
 (Reporting by Deepa Seetharaman; Editing by Leslie Adler)


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