Fed aims to calm investors as Dow dives again
WASHINGTON_Before this week, the Dow Jones industrial average had never dropped 1,000 points in its nearly 112-year history.
It has now done that twice in four days.
Stocks plunged again Thursday in another market rout despite attempts by Federal Reserve officials to calm nervous investors.
The Dow is now down 10 percent from the record high it hit in late January - the level considered a market correction. The broader Standard & Poor's 500 index and the technology-focused Nasdaq composite closed Thursday near correction levels as well.
Such 10 percent adjustments are frequent occurrences, analysts said, but the speed with which it
