NEW YORK -- The 2008 stock-market crash resumed on a Black Wednesday with the Standard & Poor's 500-stock index suffering its biggest percentage loss since Black Monday, Oct. 19, 1987.
This time, everything from retail-sales data to a warning from miner Rio Tinto to a statement from Federal Reserve Chairman Ben Bernanke indicated the bank rescue wouldn't prevent a potentially deep and widespread recession.
The broad S&P 500 index fell 90.17 points, or 9.03%, to 907.84; it dropped 20% on Oct. 19, 1987. The Dow Jones Industrial Average fell 733.08, or 7.87%, to 8577.91 for its biggest percentage loss since ...
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