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Dow Jones industrial average was down by 5.6% and the Nasdaq was down by 5.1%. They where at the lowest point of march 2003 , and S&P 500 is at its 1997 low .What else you want US government and FED said no to Auto Company bailout.
Market Movers

>Citi plunges 26% – lowest in 15 years
>Jobless claims jump, exceed consensus
>GE seeks investment from sovereign wealth funds
>Citigroup receives increased investment
>S&P dives to lowest level since 1997
>New York Times Co. cuts dividend by 74 percent


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