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Stocks plummet as Dow drops below 9,700 level


    NEW YORK (Reuters) - Stocks slid on Monday, with the Dow diving below the 9,700 level for the first time since November 2003, as the fast-spreading financial crisis fueled fears the economy would not avert recession.

    The Dow Jones industrial average was down 625.63 points, or 6.06 percent, at 9,699.75.

    The Standard & Poor's 500 Index was down 72.77 points, or 6.62 percent, at 1,026.46. The Nasdaq Composite Index was down 141.73 points, or 7.28 percent, at 1,805.66.

    (Reporting by Kristina Cooke; Editing by Jan Paschal)