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Last Updated on: Oct 10 2008 10:41AM
BREAKING: WALL STREET PLUNGES, CONTINUING DEVASTATING LOSSES
NEW YORK - The devastating selling continues on Wall Street, with investors again dumping stocks in early trading.
The Dow Jones industrials, already down 2,271 points in seven sessions, are down more than 300 after dropping as much as 696.
The major indexes are fluctuating sharply as some computer-driven "buy" orders kick in, but investors are selling heavily as markets around the world panic because credit markets remain frozen and pose a threat to the global economy. (Read more...)

Today's Headlines:

LONDON--European stock markets slumped further on Friday following massive losses on Wall Street and Asia on mounting fears that this week's efforts by central banks and governments to break the logjam in credit markets have failed to ease lending rates between banks. (read more)
WASHINGTON - President Bush is arguing that high anxiety among both investors and the general public about the economy is making the credit crisis more severe. (read more)
LONDON - Oil prices plummeted to a one-year low below $83 a barrel Friday in European trading as investor fears of a severe global economic downturn caused by the crisis in credit markets sparked a panicked sell-off of both crude and equities. (read more)
The technical term for it is "negative feedback loop." (read more)
BOSTON (Reuters) - Hedge funds' losses ballooned last month when the average portfolio tumbled 4.68%, marking the industry's worst monthly performance, according to new data released on Tuesday [Oct. 7]. (read more)
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