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Another rough day for stocks

Associated Press
Published March 7, 2008


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Stocks tumbled Thursday as the ailing credit market intensified the market's worries about a sagging economy. Concerns about credit grew after Thornburg Mortgage and a Carlyle Group bond fund revealed troubles with mortgage-backed investments. The entities failed to make margin calls, which are payments to guarantee much larger debt or investments. The Dow Jones finished down 1.75 percent, while the S&P 500 and Nasdaq both lost more than 2 percent.

 

[Last modified March 6, 2008, 23:48:41]


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