Markets React To Proposed Bailout Legislation
NEW YORK - SEPTEMBER 29: Traders work on the floor of the New York Stock Exchange September 29, 2008 in New York City. U.S. stocks took a nosedive on Monday as the global credit crisis spread and the U.S. Congress prepared to vote on a $700 billion bailout initiative. In morning trading, the Dow Jones Industrial Average was down close to 300 points, or -2.6%, the S&P 500 dropped almost 40 points, or -3.8%, and the Nasdaq Composite plunged to over 90 points, or -4.4%. (Photo by Spencer Platt/Getty Images)
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