Wall Street saw another extraordinary day Monday with the Dow Jones Industrial Average plunging as much as 800 points before recovering to close 370 points down. Despite the $700 billion bailout passed by U.S. lawmakers last week, analysts say there is growing fear that the credit crisis is spreading around the world. The concerns came as a U.S. House Committee began hearings Monday on the causes of the current financial crisis.
Wall Street saw another extraordinary day Monday with the Dow Jones Industrial Average plunging as much as 800 points before recovering to close 370 points down. Despite the $700 billion bailout passed by U.S. lawmakers last week, analysts say there is growing fear that the credit crisis is spreading around the world. The concerns came as a U.S. House Committee began hearings Monday on the causes of the current financial crisis.
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