Stocks plunged again today as investors turned their attention back to the weak economy and Europe’s debt problems. Most of the big gains that followed a Federal Reserve pledge to extend super-low interest rates till 2013 vanished. The Dow Jones industrial average fell 520 points, or 4.63%, to 10,719.48. The Dow plummeted more than 300 points within minutes of the opening bell and was down as many as 468 points by late morning. On Tuesday, the Dow gained 429 points after the Fed said it planned to keep interest rates near zero at least through the middle of 2013. It was the first time the Fed announced such a timetable. But the day’s gains were likely just a blip caused by computerized trading based on programs that dictate when to buy or sell, some investors and analysts say.
Dow plummets again
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