Stocks tumble as Street worries about financials

Wall Street extended its steep declines Tuesday as enthusiasm over the Federal Reserve's latest efforts to inject frozen credit markets with a dose of much-needed confidence gave way to concerns about financial companies' balance sheets. Trading remained fractious, with the Dow Jones industrial average losing more than 225 points.

Dow plunges 800 points amid global sell-off

Wall Street tumbled again Monday, joining a sell-off around the world as fears grew that the financial crisis will cascade through economies globally despite bailout efforts by the U.S. and other governments.

Wall Street suffered through another traumatic session Monday, with the Dow Jones industrials plunging as much as 800 points and setting a new record for a one-day point drop as investors despaired that the credit crisis would take a heavy toll around the world. The Dow also fell below 10,000 for the first time since 2004, and all the major indexes fell more than 7 percent.

Stocks drop on economic concerns despite bailout

Wall Street ended its worst week in seven years with another tumble on Friday on fears that the $700 billion financial rescue package may not unblock credit markets and stave off a U.S. recession. REUTERS/Graphics

Financial stocks, which had traded sharply higher on the expectation the bill would be passed, fell after the House vote. Traders cited profit-taking and said the market was now focusing on the tough economic road still ahead and on how the bill will be implemented.

US stock plunge wipes record 1.2 trillion dollars off market value

Monday's record stock plunge saw approximately 1.2 trillion dollars wiped off the market value -- the first-ever trillion-dollar one-day loss, according to the Dow Jones Wilshire 5000, the broadest measure of market activity.

Dow Jones Industrial Average - Plummets

Dow Loses 777 Points After Vote

Stocks Slide as 2 Wall St. Banks Falter

The Dow Jones industrial average dropped more than 300 points in just under 10 minutes of trading, and the major European stock exchanges sank more than 4 percent, in the first wave of investor reaction to some of the most dramatic developments in the history of high finance.