In a dramatic blow for Bush administration and his team of economists, the Congress finally rejected the $700 bailout package plan. The decision has sent shock waves to investors leading to Wall Street’s biggest ever one day loss.

The Dow Jones index fell almost 7%, losing 777.68 points and is now standing at 10365.45, as investors became frenetic and rushed to sell their positions.

Entry was posted on Tuesday, September 30th, 2008 at 4:57 pm under Stockmarket Watch Category. Leave a response, or trackback from your own site.