Breaking News: Stocks plummet on GM, financial worries

Date: Thu, 05 Mar 2009 15:15:59 -0600

NEW YORK (AP) - Stocks fell to 12-year lows on Thursday as investors
faced more disheartening economic readings, new concerns about the
stability of GM and ongoing uncertainty about the financial system.
According to preliminary calculations, the Dow Jones industrial
average is down 281 points at 6,594. The S&P 500 is down 30 at 682,
while the Nasdaq composite index is down 54 at 1,299.