Low confidence in Wall Street causes severe drop in market

Wednesday, September 17, 2008 | 6:04 p.m. CDT; updated 11:45 p.m. CDT, Wednesday, September 17, 2008

NEW YORK - Wall Street plunged again in a crisis of confidence Wednesday as anxieties about the financial system still ran high after the government's bailout of insurer American International Group Inc (AIG) . The Dow Jones industrial average dropped about 450 points, and investors seeking the safety of hard assets and government debt sent gold, oil and short-term Treasurys soaring.

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