Dow falls 504 as Wall St. woes batter stocks

At the close, the Dow Jones industrials were down 504 points, or 4.4%, to 11,917, its lowest close since July 2006. The Standard & Poor's 500 Index was down 58 points, or 4.6%, to 1,194, and the Nasdaq Composite Index was down 81 points, or 3.6%, to 2,180.