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Stocks Take Another Tumble

Mortgage woes persist, retail down

By Jonas Oransky, Newser Staff

Posted Aug 14, 2007 3:50 PM CDT

(Newser) – The markets lost again today, as a small cash manager’s move to halt investor pullouts agitated fears about liquidity, as well as deeper jitters over mortgage woes seeping into credit markets. The Dow fell 207.61 points to 13028.92, dragged down heavily by two major retail components, Wal-Mart and Home Depot, which both released anemic numbers.

The Nasdaq dipped 43.12 to 2499.12, and the S&P was off 26.38 to close at 1426.54. In brighter news, the core producer-price index increased, a development that could make an interest rate cut more palatable. And the US trade deficit dropped surprisingly by 1.7% in June. Still, losers outnumbered winners nearly 6 to 1 on Wall St, as volatility continued to increase.

Traders Brendan Dowd, left, and Ronald Zdrojeski talks as they work on the floor of the New York Stock Exchange, Tuesday, Aug. 14, 2007. Wall Street pulled back on Monday as investors grew concern about... (Associated Press)

Specialist Benton Bocklet works at his post on the floor of the New York Stock Exchange, Tuesday, Aug. 14, 2007. Wall Street pulled back sharply Tuesday on anxiety about the pace of consumer spending... (Associated Press)

Traders Edward Radzewicz, left, and James Fanning work on the floor of the New York Stock Exchange, Tuesday, Aug. 14, 2007. Wall Street pulled back sharply Tuesday on anxiety about the pace of consumer... (Associated Press)

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Stocks Take Another Tumble

Mortgage woes persist, retail down

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Stocks Edge Up in Balancing Act

Retailers’ sales sink as homes out-perform expectations

Dow Drops 300+ Points

Investors worried about Europe again

Dow Down 100 at Open

S&P 500, Nasdaq follow suit

Dow Plunges 480+, Below 11K

S&P, Nasdaq follow suit

Dow Rises 100+ on Retail Sales Report

S&P 500, Nasdaq also rise

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OTHER STORIES ON OUR RADAR

stock market • NASDAQ • subprime mortgages • trade deficit • Home Depot • markets • S&P 500 • Walmart

MOST POPULAR STORIES

[ By Views ]

[ By Comments ]

More Newser Stories

Stocks Edge Up in Balancing Act

Retailers’ sales sink as homes out-perform expectations

Dow Drops 300+ Points

Investors worried about Europe again

Dow Down 100 at Open

S&P 500, Nasdaq follow suit

Dow Plunges 480+, Below 11K

S&P, Nasdaq follow suit

Dow Rises 100+ on Retail Sales Report

S&P 500, Nasdaq also rise

About Us

Site

Newser By Users

Community

Site Maps

Tools

More News

What is Newser?