Dow slumps below 10,000

Oct 6 - U.S. blue chips closed below 10,000 for the first time since October 2004 as growing worries of a global economic recession knocked the wind out of investors around the world.The Dow halved an 800-point deficit to close only 369 points lower at 9,955. The S&P 500 fell 42 points to 1,056. The Nasdaq lost 84 points to 1,862. Crude oil prices lost more ground to settle at $87.81 a barrel.Conway Gittens reports from New York.

YouTube | October 6, 2008

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