Stocks tumble as House votes on plan

September 29, 2008 12:00:00 AM PDT
The stock market is plunging precipitously, with the Dow Jones industrials down as much as 700 points, as traders feared the financial bailout package would not pass the House. As the vote was shown on TV, stocks plunged and and investors fled to the safety of the credit markets on fears that the financial system would keep sinking under the weight of failed mortgage debt.

The Dow fell 705 points, then regained some ground to trade down 462 at 10,681.


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