Bank worries spread; stocks plunge

(01:54) Report

Sep 17 - The government's bailout of American International Group was not enough to stop speculation on which financial giant might be the next victim of the credit crisis.

As investors stampeded out of financial shares the broader market was pushed to its worst close in two years.

  • The Dow tumbled 449 points, or 4 percent, to 10,609.
  • The S&P 500 saw a 57-point decline to 1,156.
  • The Nasdaq saw a 109 point hair cut, a drop of just under 5 percent.

    Conway Gittens reports from New York.

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