Dow Plunges 186, Biggest Fall in 2 Months

Financials led stocks in a steep sell-off today that saw the Dow’s biggest decline in 2 months, the Wall Street Journal reports. AIG fell 20.9% on an analyst’s report that without government support, it would be worth a negative $6.4 billion. Fannie Mae, Freddie Mac, Citigroup, and Bank of America all fell as well, in what could be the beginning of a steep correction to the summer’s rally. The Dow fell 186 points to settle at 9,311. The Nasdaq lost 40 points, closing at 1,969, and the S&P 500 dropped 23 points to 998.
(More Dow Jones stories.)