Day of turmoil capped by rejection of $700 billion rescue plan for Wall Street; US stocks in biggest plunge since 1987; Irish stocks in biggest tumble since 1983
Sep 30th, 2008 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
In a day of turmoil, US stocks suffered their worst one-day fall since the 1987 crash on Monday, after the House of Representatives stunned investors by rejecting the $700 billion rescue plan for Wall Street. Money market interest rates rose while in Dublin, Irish stocks suffered their biggest fall since 1983, shedding almost €6.5 billion in value.