Wall Street shares continue to plunge

21-11-2008

Shares on Wall Street plunged overnight for a second straight day as investor panic spread in the face of more weak economic data and the failure of lawmakers to produce a bailout for automakers. The Dow Jones Industrial Average sank to a fresh five-and-a-half year low, losing 444 points or 5.56 percent to 7,552. The Nasdaq lost 70 points or 5.07 percent to 1,316 and the Standard & Poor's 500 plummeted 54 points or 6.71 percent to a close of 752, the lowest finish since April 1997.

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