02-Oct-2009 4:00 PM
United plunges 21.5%, drags AMEX Airline Index down; Continental releases Sep-2009 traffic
Analysis
The AMEX Airline Index slumped 8.3% on Thursday (01-Oct-09), as United Airlines' stock collapsed by 21.5%. Stocks were affected by a weak reading on US manufacturing, stoking fears the market may have risen too far too fast. The Dow (-2.1%) ending trading down heavily.
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