US stocks plunge for third straight session

A disheartened Wall Street fell for the third straight session today as investors absorbed another series of dismal corporate reports and news that the US government would not buy banks’ soured mortgage assets after all.

US stocks plunge for third straight session
Wed, 12 Nov, 2008 - 21:42

A disheartened Wall Street fell for the third straight session today as investors absorbed another series of dismal corporate reports and news that the US government would not buy banks’ soured mortgage assets after all.

The Dow Jones industrials skidded 410 points, and all the major indexes dropped more than 4%.

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