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Major stock market indexes fall to 1997 levels
Dow, S&P 500 fall to 1997 levels as sagging confidence pulls stocks lower; Dow falls 251
Tim Paradis, AP Business Writer
NEW YORK (AP) -- Wall Street has turned the clock back to 1997. Investors unable to extinguish their worries about a recession that has no end in sight dumped stocks again Monday. The Dow Jones industrial average tumbled 251 points to its lowest close since Oct. 28, 1997, while the Standard & Poor's 500 index logged its lowest finish since April 11, 1997.
All the major indexes slid more than 3 percent. The Dow is just over 100 points from 7,000.
"People left and right are throwing in the towel," said Keith Springer, president of Capital Financial Advisory Services...