TREASURY SECRETARY ON STOCK MARKET
U.S. Secretary of Treasury Robert Rubin speaks on the steps of the Treasury building October 27 about the record fall in the U.S. stock market. Rubin said that payment and market systems were working well despite the pressure exerted by large falls in the market. The Dow Jones industrial average suffered its biggest point drop in history in a frenzied sell-off triggered by the financial crisis in Asia. The Dow ended down 554.26 points, or 7.1 percent, at 7,161.15, topping the 508-point drop of the Oct. 19, 1987 crash.