The Dow Jones industrial average slumped again yesterday, failing to recover from Thursday's 357-point plunge amid concerns that global economic turmoil will drag down the US economy and hurt company profits.
The Dow continued the slide that has dragged the blue-chip barometer 1,286 points below its July 17 record high of 9,337.97, a drop of 13.8 per cent.
Broad-market indicators also fell after a brief rise in early trading.
The market's decline was more moderate than the mass sell-off of Thursday, when the Dow fell 357.36 points. That marked the third-biggest point drop yet, trailing only the 554.26-point plunge of October 27th, 1997, and the 508-point collapse on October 19th, 1987.
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