Wall Street plunges, continuing devastating losses

Streaming LIVE right now on FOX19.com is the Big Board at the New York Stock Exchange.

President Bush will be making a statement on the economy at 10:25 a.m. FOX19.com will stream that live as well.

NEW YORK (AP) - The devastating selling continues on Wall Street, with investors again dumping stocks in early trading. The Dow Jones industrials, already down 2,271 points in seven sessions, are down more than 300 after dropping as much as 696.

The major indexes are fluctuating sharply as some computer-driven "buy" orders kick in, but investors are selling heavily as markets around the world panic because credit markets remain frozen and pose a threat to the global economy.

The Dow is off 317 at the 8,261 level. The Standard & Poor's 500 index is down more than 4 percent, and the Nasdaq composite is down nearly 3 percent.

(Copyright 2008 by The Associated Press. All Rights Reserved.)

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