Stocks plunged as global central banks aggressively intervened to try to restore lending confidence.
The Dow Jones Industrial Average declined 370 points (3.6%) to close at 9,956, the S&P 500 Index fell 42 points (3.9%) to 1,057, and the Nasdaq Composite dropped 84 points (4.3%) to 1,863. Crude oil fell $6.07 to $87.81 per barrel, and gold gained $27.10 to $860.30 per ounce.
Magnificent Seven Update
