Stock Market Plunges Below 8,000 in the first few minutes of trading

October 10, 2008 12:00:00 AM PDT
The devastating selling continues on Wall Street, with investors dumping stocks in early trading. The Dow Jones industrials, already down 2,271 points in seven sessions, are down more than 660. U.S. trading is following huge declines overseas. Investors around the world are panicking because credit markets remain frozen and pose a threat to the global economy.

The Dow is off 663 at the 7,915 level. The Standard & Poor's 500 index is down more than 7 percent, and the Nasdaq composite is down more than 5 percent.

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