Version: 2008
  • On The Insider: Britney's Bikini-Clad Top 10

August 27, 1998 6:15 PM PDT

Street still searching for upside

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The Dow Jones Industrial Average plummets 357.36 points, marking the third-biggest point loss in the history of the index. The drop, a long-expected correction in the markets, was blamed on the economic crises looming over Russia and Asia. The technology and Net sectors were hard hit, and online brokerages saw some of their heaviest traffic days yet.

Markets plunge on Russia turmoil
update Wall Street stocks plunge, with the Dow falling 357.36 points, or 4.62 percent, as investors grow fearful that Russia's economic and political turmoil would linger longer than anticipated.

Net brokerages cope with plunge
Online brokerages say they are easily handling the double-digit increase in trading that followed a 357-point plunge in the Dow.

AgriBioTech falls on Net chat
You can't shout "Fire!" in a crowded theater, but you can write "sell" on an Internet message board. That's the costly lesson the seed company has learned.

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