Los Angeles Times | March 2, 2009 | 1:09 p.m. PT --- Dow loses about 300 points, closes under 7,000 Stock prices plunged today after the government said it would pump an additional $30 billion into struggling insurer American International Group Inc. The Dow Jones industrial average fell below 7,000 for the first time since 1997, losing about 300 points, or more than 4%, to close at about 6,763. The Dow is down more than 50% from its October 2007 record high of 14,164.53. The broader Standard & Poor's 500 index sank 4.7% today, while the Nasdaq composite index lost 4%.
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