TIMES ONLINE: US shares plunged by nearly 280 points in early trading today as investors grew nervous that President Obama’s financial stimulus plan will not be enough to boost the world's largest economy and carmakers may not be able to stave off collapse.
The Dow Jones industrial index plunged by 276.94 points to 7,573.47 points within half an hour of the US stock market opening — the first day of trading since Friday after being closed on Monday for Presidents Day.
At the same time, concerns over America's deepening recession, and the effect it may have on demand for energy, sent oil prices down more than $2 to $35.37 a barrel. >>> | Tuesday, February 17, 2009
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