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2.7%  Q1 GDP    4.57%  avg. 30-year mortgage     9.5%  Unemployment

Stocks Down 2 Percent at Market Open

With European and Asian markets tumbling overnight, the U.S. markets weren't far behind.

The Dow opened down almost 2 percent, losing 200 points. The Dow is now down 29 percent from this time last year.

The Nasdaq is down more than 2 percent, or 42 points. The S&P 500 is also down more than 2 percent, or 24 points.

As for oil, it's also down, trading at $91.51.

-- Michael S. Rosenwald

By Michael S. Rosenwald  |  October 6, 2008; 9:42 AM ET
Categories:  The Ticker  
Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   Del.icio.us   StumbleUpon   Technorati   Google Buzz   Previous: What the Fed's New Action this Morning Means
Next: Waxman Opens Hearing into Lehman Collapse

Comments

This bailout plan just isn't going to work; here's an good blog on the markets reaction
http://www.greenfaucet.com/blogs/hanlons-pub

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Posted by: Mike | October 6, 1908 10:51 AM | Report abuse

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