Stocks Plunge on Dismal Banking, Housing News Gloomy news from the banking sector and a bleak outlook about the housing industry sent stocks reeling. The major stock market indexes each fell more than 1.5 percent, with the Dow Jones industrial average sinking more than 200 points.
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Stocks Plunge on Dismal Banking, Housing News

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Stocks Plunge on Dismal Banking, Housing News

Stocks Plunge on Dismal Banking, Housing News

Stocks Plunge on Dismal Banking, Housing News

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  • <iframe src="https://www.npr.org/player/embed/16452572/16451004" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript

Gloomy news from the banking sector and a bleak outlook about the housing industry sent stocks reeling. The major stock market indexes each fell more than 1.5 percent, with the Dow Jones industrial average sinking more than 200 points.

RENEE MONTAGNE, Host:

NPR's Wendy Kaufman reports.

WENDY KAUFMAN: Jim Jelter is an editor at MarketWatch, which is owned by Dow Jones.

JIM JELTER: What we're hearing from the analyst on Wall Street is that there's room for it to go down further. We just don't know when we're going to hit the bottom.

KAUFMAN: Wendy Kaufman, NPR News.

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