Dow Falls Below 9,600 as Banks Get Slammed

The Dow dropped below 9,600 Monday after global markets took a pounding amid fear that the credit crisis is spreading around the globe.

The Dow Jones Industrial Average was down more than 700 points, or 7 percent, falling through 10,000 and quickly breaching 9,900, 9,800, 9,700 and 9,600 in rapid succession, levels it hasn't seen in nearly four years. The Dow first hit 10,000 at the end of March, 1999. (Track the Dow winners  and losers.)