Stocks Dive, Dow Posts Record Point Loss
The Dow Jones industrial average was ripped for a 679-point loss on
Monday, its largest ever, as the market reopened after a four-session
trading halt, to a world of heightened uncertainty created by air attacks
that destroyed the World Trade Center
Release Date: September 17, 2001
For immediate release
The Federal Open Market Committee decided today to lower its target
for the federal funds rate by 50 basis points to 3 percent. In a
related action, the Board of Governors approved a 50 basis point
reduction in the discount rate to
