U.S. Stocks Dive, with Dow Posting Record Point Loss

A dramatic pre-session Fed rate cut couldn't stop the selling as Wall Street went back to work. But the losses could have been worse -- and the trading system didn't buckle

Nearly a week after terrorists attacked the heart of the world's financial community in lower Manhattan, U.S. stock markets reopened for business Sept. 17 and closed substantially lower, as expected. The blue-chip Dow Jones industrial average, which fell 7%, posted its biggest one-day point loss ever - 685 points.

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