Dow dips below 10,000, then bounces back
Stocks plunge early, then bounce back; Dow finishes above 10,000, but debt worries persist
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Topics:Stocks
Specialist Michael Pistillo, left, and traders work on the floor of the New York Stock Exchange Tuesday, May 25, 2010. (AP Photo/Richard Drew)
Tim Paradis and Stevenson Jacobs, AP Business Writers, On Tuesday May 25, 2010, 6:24 pm EDT
NEW YORK (AP) -- The Dow Jones industrials plunged below 10,000 to their lowest level of the year Tuesday before a late-day rebound that erased most of the losses if not lingering worries about Europe's debt crisis.
The Dow dropped more than 250 points after the opening bell and stayed under 10,000 most of the day, then charged back to finish down only 22 when signals from Washington suggested that banks would not be forced to sell their lucrative derivatives units as part of financial reform. The Standard & Poor's 500 index even managed a slight gain.
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