Dow falls even further

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NEW YORK (AP) " Despair about a weakening global economy is sweeping across Wall Street, propelling the Dow Jones industrials down more than 700 points. Investors around the world have been selling off stocks as they come to realize that financial systems in the United States and other countries need more than government bailouts to fix them.
Meanwhile, the credit markets remain stagnant, a sign that banks are too afraid to lend. The Federal Reserve is making more money available for borrowing, but no one expects the credit markets to ease up anytime soon.
The Dow has fallen more than 700 and is in striking distance of its biggest one-day point decline " 778, which the blue chips suffered a week ago when investors feared the bailout package might not pass Congress.