- The Washington Times - Monday, March 30, 2009

Wall Street put its big March rally on hold Monday after the White House rejected turnaround plans from General Motors Corp. and Chrysler and gave investors a reality check on the economy. Financial stocks weighed heavily on the market amid worries that banks will need fresh injections of capital.

The Dow Jones industrial average fell 254.16, or 3.3 percent, to 7,522.02.

The Standard & Poor’s 500 index fell 28.41, or 3.5 percent, to 787.53.

The Nasdaq composite index fell 43.40, or 2.8 percent, to 1,501.80.

For the year:

The Dow is down 1,254.37, or 14.3 percent.

The S&P; is down 115.72, or 12.8 percent.

The Nasdaq is down 75.23, or 4.8 percent.

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