Stocks fell Monday as investors lost confidence in a government fund to buy $700 billion in banks' mortgage debts and sent the Dow Jones industrials down more than 370 points. Details of the plan, which initially buoyed investor confidence last week, raising the stock market, have yet to emerge, and lawmakers may hold up the package while the subject it to oversight. According to preliminary calculations, the Dow fell 372.75, or 3.27 percent, to 11,015.69. Broader stock indicators also declined. The Standard & Poor's 500 index fell 47.99, or 3.82 percent, to 1,207.09, and the Nasdaq composite index fell 94.92, or 4.17 percent, to 2,178.98. The New York Stock Exchange composite dropped 268.46 to close at 7,918.67 and the American Stock Exchange composite was down 28.50 to 1,902.56. The Russell 2000 fell 33.30 to close at 720.44. The price of a barrel of light, sweet crude oil for October delivery rose $16.37 to $120.
