Standard & Poor's Puts GM and Ford on Creditwatch By Bradley Johnson Published: October 09, 2008 LOS ANGELES (AdAge.com) -- The Dow today plunged 7.3% to 8,579 points as frightened investors ran for the exits. This was the biggest one-day percent drop since the October 1987 crash (when the Dow plunged 22.6%). The Dow Jones Industrial Average is at its lowest point since 2003. Meanwhile, the Ad Age/Bloomberg AdMarket 50 tumbled 6.2% today, reaching its lowest point since 2003, as 39 of the index's 50 members -- major marketers, media and agency firms -- hit 52-week lows. Today's overall point drop was the third largest on record (after Sept. 29's 778 point plunge and a 686 point drop when markets reopened following the Sept. 11, 2001, attacks). GM and Interpublic General Motors Corp. stock crashed 31% to $4.76, its lowest...
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