Wall Street faced a frenzy of panic selling Monday amid deepening worries about the financial crisis. Markets in Europe and Asia also tumbled Investors appeared to be in panic mode Monday afternoon, one week to the day after a vicious market sell-off. U.S. stocks were plunging, with the Dow Jones industrial average falling 750 points to trade well below 10,000, reaching its lowest level in four years. The pace of selling accelerated in late afternoon trading. Indexes in Europe and Asia also dropped sharply Monday as investors fled equities amid a growing global banking crisis and a freeze-up in credit markets. Downbeat economic outlooks from Federal Reserve officials and market economists also spooked investors. Uncertainties about the U.S. financial rescue plan were also contributing to Monday's sell-off, according to S&P...
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