Stocks Drop Most in 3 Weeks as U.S. Warns on Banks, Carmakers

It continues.... World Markets fall again

March 30 (Bloomberg) -- U.S stocks slumped the most in three weeks as the Obama administration warned that some banks will need more government aid and that General Motors Corp. and Chrysler LLC have one last chance to restructure. The Standard & Poor’s 500 Index fell 3.5 percent to 787.53 and the Dow Jones Industrial Average tumbled 254.16 points, or 3.3 percent, to 7,522.02.