A trader works on the floor of the New York Stock Exchange October 9, 2008. (Shannon Stapleton/Reuters)Reuters - Stocks plummeted for a seventh straight session on Thursday as investors bet recent moves by authorities worldwide to thaw frozen credit markets would not be enough to avert a global recession.


Traders work on the floor of the New York Stock Exchange, October 8, 2008. U.S. stocks stayed near their session peaks in choppy trade on Wednesday after a report by the National Association of Realtors showed a surprise jump in pending sales of existing U.S. homes in August. (Brendan McDermid/Reuters)Reuters - Stocks fell in volatile trading on Wednesday as investors feared that coordinated rate cuts by global central banks, including the Federal Reserve, would fail to unfreeze the credit markets and avert a global recession.


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A man walks past a video display showing financial information in Tokyo, October 8, 2008. (Michael Caronna/Reuters)Reuters - Central banks around the world cut interest rates in unison on Wednesday, responding to a worldwide clamor for concerted action to contain the worst financial crisis since the Great Depression.


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