Dow falls 449 as fear sweeps Wall St.

Stocks fell to their lowest levels in three years today after the Federal Reserve agreed to lend up to $85 billion to troubled insurance giant American International Group (AIG, news, msgs).

At the close, the Dow Jones industrials were down 449 points, or 4.1%, to 10,610. The Standard & Poor's 500 Index was down 57 points, or 4.7%, to 1,156, and the Nasdaq Composite Index was down 109 points, or 4.9%, to 2,099.

All 30 Dow stocks were lower, along with 478 S&P 500 stocks and 92 stocks in the Nasdaq-100 Index ($NDX.X), which tracks the largest Nasdaq stocks.