The market in New York has had an erratic Monday morning as traders worry about the extent and duration of a potential downturn around the world.

The market in New York is sharply lower early Friday after markets plummet overseas. Oil and gold fall hard, while Treasury prices surge.

The Dow, which sank as much as 800 points earlier, stages a late-day rally to end the session down 3.6%.

The Dow falls 4.6%, and the S&P and Nasdaq plummet more than 5% after fearful investors send stocks down around the world.

The House of Representatives votes 227-206 against the Treasury's bailout plan for the financial sector. The surprise results send the major indices spiraling down.