Tuesday, February 17, 2009
NEW YORK (CNNMoney.com) — Stocks tumbled Tuesday morning as investors worried that the $787 billion economic stimulus plan won’t go far enough to slow the pace of the economic downturn.
The Dow Jones industrial average (INDU) fell 230 points, or about 3% roughly 90 minutes into the session.
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The Standard & Poor’s 500 (SPX) index lost 30 points, or about 3.6%. The Nasdaq composite (COMP) lost 50 points, or about 3.2%.
Stocks slipped last week as investors took a mixed reaction to the various government plans to slow the pace of the economic downturn, including the economic stimulus plan and the bank bailout plan.
This article was posted: Tuesday, February 17, 2009 at 10:15 am