| Dow 7889 |  | -381.99 | (-4.62%) |
| Nasdaq 1525 | | -66.83 | (-4.20%) |
| S&P 827 | | -42.73 | (-4.91%) |
Europe
| FTSE 100 4213 | | -94.53 | (-2.19%) |
| CAC 40 3021 | | -114.12 | (-3.64%) |
| DAX 30 4506 | | -161.28 | (-3.46%) |
Asia at 9 30 AM
| Nikkei 225 7946 | | -23.09 | (-0.29%) |
| Hang Seng 13412 | | -468.67 | (-3.40%) |
SGX Nifty 2865 - 56 pts
Commodities
| Light Crude (NYM) | 37.55 | (-2.01) |
| Gold (CMX) | 914.20 | (+21.40) |
News Today
* The White House plan to rescue the financial system is far bigger than predicted and envisions a far greater government role in markets and banks than at any time since the 1930s.
*US Treasury's Geithner says government will use mostly private money to recapitalize banks, support for business lending also included. Treasury, Fed unveil $1.5 trillion rescue plan.
* Investors expected Treasury Secretary Timothy F. Geithner to unveil a shock-and-awe solution, but the new plan raised more questions than it answered. Stocks slide in biggest fall since december.
* Switzerland's biggest bank UBS on Tuesday posted a loss of nearly $17 million the largest ever by a Swiss group and announced 1,600 new job cuts.
* India's top software services exporter, Tata Consultancy Services, has seen project cancellations in the last four weeks, brokerage CLSAAsia-Pacific Markets said in a client note.
