New York City - U.S. Stock Market Hits 5-year Lows In Major Selloff

New York City - Stocks skidded Monday - with the Dow, S&P 500 and Nasdaq falling to nearly five-year lows - as credit markets seized up and European governments' rush to prop up failing financial firms underscored the global reach of the credit crunch. But the Dow Jones industrial average, which lost as much as 800 points, began cutting its losses as the market close neared. Still, at the...