VIDEO: Market Plunges After Bailout Bill Rejection

A trader works on the floor of the New York Stock Exchange

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Market Plunges After House Rejects Bailout Bill

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The Dow Jones industrial average was down 668.57 points, or 6.00 percent, at 10,474.56.

U.S. stocks plummeted on Monday, briefly sending the S&P 500 and Nasdaq down more than 8 percent, after the U.S. House of Representatives rejected a $700 billion financial-sector bailout plan, renewing fear about frozen world credit markets and the outlook for the global economy.

The Dow Jones industrial average was down 668.57 points, or 6.00 percent, at 10,474.56. The Standard & Poor's 500 Index was down 94.08 points, or 7.76 percent, at 1,118.93. The Nasdaq Composite Index was down 172.55 points, or 7.90 percent, at 2,010.79.

The Dow set a fresh session low at 10,407.34 -- a fall of more than 700 points -- its biggest intraday point drop ever.

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