Dow tumbles 348

October 03 12:05:01 PM, Chicago Tribune

NEW YORK (AP) _ Pessimism about a protracted economic downturn washed over the financial markets Thursday, sending stocks plunging and further tightening the credit markets. Reports on declining factory orders and a seven-year high in jobless claims stoked fears that the government's financial rescue plan won't ward off a recession, and the Dow Jones industrials skidded nearly 350 points.

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Pasadena Macy's ready to unveil its new look
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