Wall Street Hits A Seven Year Low

By: Associated Press Email
By: Associated Press Email

Wall Street dropped precipitously today, with the Dow Jones industrials suffering their worst point drop since 9/11.

Investors reacted to a stunning reshaping of the landscape of
Wall Street that took out two storied names: Lehman Brothers
Holdings Inc. and Merrill Lynch & Co.

The Dow Jones industrials are down more than 504 points.
Investors were shaken by Lehman's bankruptcy filing and what was essentially a forced sale of Merrill Lynch to Bank of America for
$50 billion in stock.

While those companies' situations had reached some resolution,
the market remained anxious about other companies. Among them:
American International Group Inc., which is seeking emergency
funding to shore up its balance sheet.


KBTX-TV Channel 3 4141 E. 29th Street Bryan, TX 77802 Phone: (979) 846-7777 Fax: (979) 846-1490 News Fax: (979) 846-1888
Copyright © 2002-2015 - Designed by Gray Digital Media - Powered by Clickability 28436054 - kbtx.com/a?a=28436054
Gray Television, Inc.