Breaking News Alert The New York Times Monday, December 1, 2008 -- 4:20 PM ET ----- Dow Plunges 680 Points as Recession Is Declared The stock markets took a fall on Monday, diving along with investors' confidence. Confirmation that the nation is in a recession and reports of only a modest gain in holiday shopping sales have prompted many investors to resume selling after five days of higher closings. Late-session comments by Treasury Secretary Henry M. Paulson Jr. that the economic downturn is "significant" but manageable probably added to the market's gloom, as did more downbeat data about manufacturing and construction. The Dow Jones industrials were down 679.95 points, or 7.7 percent, while the broader Standard and Poor's 500-stock index was down 8.93 percent, or 80 points. The technology heavy Nasdaq fell 8.95 percent. Read More: http://www.nytimes.com/?emc=na ----- Now get the New York Times Breaking News to your mobile phone. Sign up for the alerts by texting NEWSALERTS to 698698 (NYTNYT). ----- About This E-Mail You received this message because you are signed up to receive Breaking News Alerts from NYTimes.com. To unsubscribe, change your e-mail address or to sign up for daily headlines or other newsletters, go to: http://www.nytimes.com/email NYTimes.com 620 Eighth Ave. New York, NY 10018 Copyright 2008 The New York Times Company
-- Posted By Breaking News to Break News at 12/01/2008 11:24:00 PM
