World impact on Wall Street

Wall Street stocks plunge 280 points in response to sliding European and Asian markets and U.S. military action.

CNET News staff

Aug. 21, 1998 3:20 p.m. PT

Another day, another downturn. Wall Street stocks plunged 280 points in response to sliding foreign markets and U.S. military action, before rallying to close the day off 77.76 points. In the midst of it all, online brokerages kicked into overdrive, Net booksellers got caught up in the downside, and five Excite insiders filed to sell big.

Stock markets continue descent
update Stocks on Wall Street plunge in early trading, following the lead of the sliding European and Asian markets.

Net brokerages unfazed by drop
Online brokerages say they are managing to handle the trading traffic brought on by today's stock market plunge.

Bulls still like online booksellers
Wall Street applauds the news that Barnes and Noble plans to spin off its online unit, but the company's stock, along with Amazon.com's, is seeing some downside.

Five Excite insiders to divest
As portal stocks have seen some softness after a sharp run-up earlier this summer, five executives at the company file to sell more than $9 million in stock.