Stocks plunge anew as data points to recession

NEW YORK The downbeat data has convinced investors that the nation, if not already in a recession, is moving toward one. The Fed's Beige Book, which details conditions around the nation, found that the economy continued to slow in the early fall as financial and credit problems took a turn for the worse.

The Dow is down about 733 at the 8,577 level. On Monday, Sept. 29, the Dow had its largest point drop 777.68.

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