September 30, 2008
Dow Jones Hit by Sell Orders
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.