After the House rejected the first version fo the $700 billion bailout, which they had been expected to pass, and on the tails of weekend news that Wachovia would sell its banking assets to Citigroup, the Dow Jones fell 777 points. It was the largest single-day point drop in history. The Stock continued to decline in the following days.
NSTAR announced that it will lower rates for over 1000 of its largest customers from 14.015 to 11.018 cents per kilowatt-hour. The company cited falling costs of natural gas and electricity since July 2008 as reason for the slashed rates.