- *Bloody day on Wall Street
This could be a bad one. The Dow is down by around 300 points, and what's nervous making is that it just keeps sliding. Perhaps we've finally reached the point where higher borrowing costs - and with it the likely slowdown in takeovers - are finally eating into the market psyche. And it's not just U.S. markets - the bad news is global. (Europe's Dow Jones Stoxx 600 Index dropped 2.7 percent, its biggest retreat since March.) In New York, trading curbs, which are meant to reduce volatility, have been put into effect. (Bloomberg)
Update: With still 90 minutes to go, the Dow is closing in on a 400-point loss.
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| 08:59 AM Jul 26, 2007 | Email the Daily Dragon | Email this Article | Post Comments |
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