February 10, 2009 / 8:24 PM / 9 years ago

US STOCKS SNAPSHOT-Bank plan doubts pummel Wall Street

 NEW YORK, Feb 10 (Reuters) -  U.S. stocks tumbled on
Tuesday, briefly dragging the S&P 500 down more than 5 percent,
as lack of detail in the government's plan to shore up the
financial system rattled investors and fueled doubts about
steps taken to contain the economic meltdown.
 * The S&P financial index .GSPF fell more than 10 percent
while the KBW index of bank stocks .BKX tumbled 13.3
percent.
 * The Dow Jones industrial average .DJI fell 387.57
points, or 4.69 percent, to 7,883.30. The Standard & Poor's 500
Index .SPX declined 43.33 points, or 4.98 percent, to 826.56.
The Nasdaq Composite Index .IXIC lost 66.88 points, or 4.20
percent, to 1,524.68.
 (Reporting by Rodrigo Campos; Editing by Leslie Adler)





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