Dow plunges more than 700 points, drops below 10,000 - USATODAY.com

A stock trader looks at his screens at Frankfurt's stock exchange on Monday as the DAX moved to its lowest level since 2006. NEW YORK — Stocks suffered through another traumatic session Monday, with the Dow Jones industrials falling about 365 points — after having plunged almost 800 points earlier and setting a new record for a one-day point drop — pushing it below 10,000 for the first time since October 2004, as investors sold on fears that the credit crisis is spreading economic havoc around the globe. Traders on Wall Street said the government's $700 billion economic rescue plan signed into law Friday might not be enough to calm the short-term economic storm. And that more capital must be injected into the global banking system. The credit markets remain stagnant, a sign that banks are too afraid to lend. The Federal... [read full story]