Dow plunges 679 to fall to lowest level in 5 years
Dow plunges 679 points to trade below 9,000 for the first time in 5 years in afternoon sell-off NEW YORK (AP) — Stocks plunged Thursday, sending the Dow Jones industrial average down 679 points — more than 7 percent — to its lowest level in five years. Stocks took a nosedive after a major credit-rating agency said it might cut its rating on General Motors and Ford, further rattling investors already fretting over the impact of tight credit on the economy.