Markets, Dow Jones Flirt with Record Loss Monday

NEW YORK (UPI via COMTEX) -- U.S. markets flirted with a new single-day record of declines Monday, but recovered from a momentary 800 point drop in the Dow Jones industrial average. The Dow Jones industrial average closed below the 10,000-point level for the first time in four years Monday, in spite of a $700 financial bailout bill. By close, the DJIA was at 9,955.50, off 3.58 percent on a loss of 369.88 points. The Standard and Poor's 500 fell 3.86 percent or 42.38 points, to 1,056.85. The Nasdaq composite index lost 84.43... [read full story]