The New York Times
Monday, March 30, 2009 -- 4:10 PM ET
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Dow Drops 254 Points; S. & P. 500 Down 3.4%
Stocks slumped on Monday after the Obama administration gave
ultimatums to Chrysler and General Motors to overhaul their
operations, perhaps including a bankruptcy filing, or be
denied further federal aid. The Dow Jones industrial average
closed down 254.16 points or 3.2 percent to 7,522.02; the
Standard & Poor's 500-stock index was down 3.4 percent or
28.41 points to 787.53; and the Nasdaq was down 2.8 percent
or 43.40 points, to 1,501.80.
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