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New York residents walk by a ticker announcing stock market plunging in New York. Desperate measures by governments in Europe and North America to steady the banking system failed to stem panic selling in global markets Monday amid deepening gloom at the scope of the financial crisis. Nothing seemed to stop stock markets taking, in many cases, record falls.

Dow touches 800-point drop amid global sell-off 85 comments

Breaking News 35 minutes ago Wall Street suffered through another extraordinary and traumatic session Monday, with the Dow Jones industrials plunging as much as 800 points — their largest one-day point drop — before recovering to close with a loss of 370. Above, New York residents walk by a ticker announcing the stock market plunge.

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