(NEWSCHANNEL 3) - Many had hoped that the passing of the bailout bill last week would help stem the tide of big losses on Wall Street; but new credit fears,

By Elizabeth Stanton Oct. 6 (Bloomberg) -- US stocks dropped, driving the Dow Jones Industrial Average below 10000 for the first time in four years,

The Dow finishes at levels last seen in October 2004, but losses are cut substantially at day's end. The decline is prompted by heavy selling around the world. Crude falls under $88; the dollar soars against the euro. Bank of America will raise $10 billion in new capital.
d a record point loss set only a week ago as markets struggled with continued fallout from a global credit crunch.
ed interest-rate cut by central banks around the world. CNBC also suggested there was talk that the Treasury Department would somehow support the commercial paper market. Commercial paper is short-term IOUs issued by companies and actively traded. That market has shrunk substantially in recent weeks as the credit crisis has worsened.