http://money.cnn.com/data/markets/dow/

777.68 ; -6.98%

I believe CNN said we lost over 1 trillion dollars today

Wachovia (WB, Fortune 500) shares began trading in the afternoon, plunging 81%. Citigroup (C, Fortune 500) fell almost 12%.



Oil and gold: U.S. light crude oil for November delivery fell $10.52 to settle at $96.37 a barrel, in the second-biggest one-day plunge ever. (Full story)

Oil prices had plummeted over $55 after peaking at $147.27 a barrel on July 11, as investors bet that sluggish global growth will diminish oil demand. But prices have seesawed in the last few weeks as the financial crisis has intensified and investors sought to put their money into hard assets.

COMEX gold for December delivery rose $5.90 to $894.40 an ounce. Like oil, gold prices had also rallied during the biggest periods of unrest over the last few weeks