The Dow Jones industrials plunged below 10,000 today for the first time since October 2004 as markets struggled to cope with continued fallout from a global credit crunch.
The sell-off wiped out more than $2.5 trillion in wealth, and it pushed the losses sustained by major indexes in the United States since their peak in October 2007 to more than 30%. The Dow's loss is about 31%, with the S&P 500 down 33.8% and the Nasdaq down 36%.
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