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

October 6, 2008; 9:42 AM ET  | Category:  business
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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

Posted by: Mike | October 6, 2008 10:51 AM

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