Declines extended as markets weigh bailout plan
Financial markets extended their declines today as investors worried that politicians were beginning to doubt the necessity of a broad government bailout for financial institutions as a way to revive ailing credit markets.
Top economic officials updating Congress about efforts to work out a $700bn (€477bn) financial rescue plan faced a greater degree of second-guessing from lawmakers than some investors had expected. The Dow Jones industrials, which had been higher for the first half of the session ended at the lows of the day, tacking losses onto a steep drop Monday.
