Stocks plunge on bailout doubts

Oct. 2 - Wall Street headed sharply lower on Thursday after the U.S. Senate's strong passage of the $700 bank rescue plan failed to soothe nerves ahead of a re-vote in the House.

As lawmakers debate what is the best way to deal with bad mortgage assets, which caused the latest financial crisis, there were more signs of economic weakness. State unemployment lines hit a 7-year high last week and factory orders in August plunged by 4 percent. Conway Gittens reports from New York.

SPEAKERS: Raj Kumar, financial consultant; Beth Baker, New York resident; Darren Thomas, New York resident