U.S. stocks fall for fourth day

U.S. stocks plummet for fourth day as investors and analysts continued to slash their expectations for economic growth and earnings. Almost USD1.2 trillion in market value has been wiped out in the four days of trading since the Sept. 11 assaults. The Dow Jones Industrial Average dropped 382.92 points, or 4.4 percent, to 8376.21. It has plunged 13 percent since Monday, putting it on track for its worst week since the October 1987 crash. The Standard & Poor's 500 Index fell 31.56 points, or 3.1 percent, to 984.54, its first close below 1,000 since Oct. 13, 1998. The Nasdaq Composite Index slid 56.87 points, or 3.7 percent, to 1470.93, its lowest level since Oct. 8, 1998. The index has lost 13 percent since trading resumed Monday and is now 71 percent off its March 10, 2000 high.

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