An outpouring of negative economic and financial reports soured the mood on Wall
Street Friday as banks and other lenders further tightened credit in their
struggle to contain damage from losses on mortgages, business loans and related
debt.
Shares sank, and investors fled to the
safety of Treasuries as the Standard & Poor’s 500-stock index fell 2.71
percent and the Dow Jones industrial average dropped 315.79 points, or 2.51
percent, to 12,266.39. Both indexes capped their worst four months since 2002.
More.
NVDL: The world is changing for the long term and it will affect YOU.
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