U.S. Stocks Plunge After House Votes Against Bailout Plan

Sept. 29 (Bloomberg) — U.S. stocks plunged and the Standard & Poor’s 500 Index tumbled the most since 1987 after the House of Representatives voted down a $700 billion plan to rescue the financial system.Sovereign Bancorp Inc. tumbled 66 percent and National City Corp. slid 52 percent, leading financial shares in the S&P 500 to [...] continue reading the breaking news