Dow slumps below 10,000

October 06, 2008

U.S. blue chips closed below 10,000 for the first time since October 2004 as growing worries of a global economic recession knocked the wind out of investors around the world. The Dow halved an 800-point deficit to close only 369 points lower at 9,955. The S&P 500 fell 42 points to 1,056. The Nasdaq lost 84 points to 1,862. Crude oil prices lost more ground to settle at $87.81 a barrel. SPEAKER: Alan Valdes, director of floor operations, Hilliard Lyons Conway Gittens reports from New York.