Breaking News: Dow falls more than 650 points

Date: Mon, 01 Dec 2008 15:26:00 -0600

NEW YORK (AP) - Stocks fell sharply on Monday on reports of only a
modest gain in holiday shopping sales, followed by news confirming
that the USA is in a recession. The Dow Jones industrial average fell
679 points, wiping out more than half the 1,276 points it added during
a five-day rally built on investors' budding optimism about the
economy.