[an error occurred while processing this directive]
Business
[an error occurred while processing this directive]
Print Email this storyEmail story Comment Letter to the editor
Fill out this form to email this article to a friend
Your name Your email
Friend's name Friend's email
Your message
 

Another rough day for stocks

Associated Press
Published March 7, 2008


ADVERTISEMENT

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]


Share your thoughts on this story

[an error occurred while processing this directive] [an error occurred while processing this directive]