MW: Dow industrials trade below 8,000 for first time in 5 years
By Nick Godt
NEW YORK (MarketWatch) -- The Dow Jones Industrial Average plunged nearly 700 points in the first minutes of trade to trade below the 8,000 mark for the first time since April 1, 2003, before bouncing back and erasing two thirds of its opening losses. The Dow industrial last traded down 247 points, or 3%, at 8,323. It earlier fell 697 points to a low of 7,882. The S&P 500 index was down 24 points, or 2.3%, at 889, while the Nasdaq Composite fell 21 points, or 1.3%, to 1,625.
