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The Murderous Lure of Jihad: Tackiling ISIS and its Worldwide Recruitment (part 2)

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The Murderous Lure of Jihad: Tackiling ISIS and its Worldwide Recruitment

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From Paris's Liberation to 'arresting' art in Avignon

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Ferguson riots: Pressure mounts on Obama

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'The pen is mightier than the sword'

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  • Two US Ebola patients leave hospital ‘virus-free’

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  • Interactive: Relive the Liberation of Paris in WWII

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  • French village rallies behind besieged elderly British couple

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  • Former Irish PM Albert Reynolds dies at 81

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  • Former Femen activist detained after fighting veiled woman

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  • Thailand coup leader Prayuth Chan-ocha voted prime minister

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Dow plunges to five-year closing low

Latest update : 2008-10-08

The Dow Jones Industrial Average sank 5.11% at closing, following Monday's decline, as investors continue to fear recession, despite worldwide measures to pump life back into the economy and jump-start ailing banks.

Click here for full coverage of the financial crisis

 

US stocks plunged Tuesday for a second straight day as investors were gripped by fears of a deeper credit crunch leading to severe recession.
   
The Dow Jones Industrial Average sank 508.39 points (5.11) percent to a five-year low of 9,447.11 just after the closing bell, following a 369-point slide Monday and a global rout.
   
The tech-heavy Nasdaq plummeted 108.08 points (5.80 percent) to 1,754.88 and the Standard & Poor's 500 slid 60.55 points (5.73 percent) to a preliminary close of 996.34, dropping below a key level of 1,000 points.
   
After a battering of markets on Monday, Wall Street took little comfort in news that central banks were pumping up liquidity to banks and the Federal Reserve opened its coffers to companies hit by the credit crunch with a new program that will buy up commercial paper, short-term debt critical for many corporate operations.
   
"The financial panic of the past month has sent the economy into a tailspin. The question is no longer whether there is a recession, but how severe it will be," said Mark Zandi at Economy.com.
  

Date created : 2008-10-08

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