May 8, 2010

Wall Street dives 1000 points, watch live reaction

The Dow had fallen nearly 400 points by around 2:40 p.m. EDT. Yet the damage got worse. The Dow fell 600 points in 7 minutes, giving it a record intraday loss of 998.50, or 9.2 percent. Minutes later, the index turned up again, erasing most losses.

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