Tuesday's market

The Dow Jones Industrial Average plunged 385 points after Geithner's remarks on the bank bailout plan didn't provide the level of detail that some traders had been hoping to hear. Financial stocks led the broad-based selloff, as an exchange-traded fund that tracks the S&P 500's financial sector dropped more than 10%. Bank of America declined 19%. Treasury prices surged as investors flooded back into the relative safe haven of government dent despite an impending surge in the supply of government paper as the U.S. ramps up borrowing to fund the bailout and stimulus package



posted by Peter Greene