Stocks slumped Tuesday on worries about economic growth at home and abroad, sending the Dow industrials to their biggest point drop since the day the market reopened after the Sept. 11 attacks.
A big decline in Chinese stocks, weakness in some key readings on the U.S. economy and news that Vice President Dick Cheney was the apparent target in a Taliban suicide bombing attack in Afghanistan all fueled the selling on Wall Street.
CNNMoney.com's Allen Wastler discusses the plunging durable goods report and more business news.
The Dow Jones industrial average (down 416.02 to 12,216.24, Charts) tumbled 416.02 points, the biggest point loss since Sept. 17, 2001, when the 30-share index tumbled nearly 685 points.
It was the seventh biggest one-day point drop ever for the Dow. On a percentage basis, the Dow lost about 3.3 percent - its biggest one-day percentage loss since March 2003.
Source : CNN.com
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