Bad News Spurs Big Sell-Off

Poor results at AIG, nervous retailers, rising oil all contribute to decline

By Nick McMaster, Newser Staff

Posted Aug 7, 2008 3:25 PM CDT

(Newser) – The markets suffered big losses today as investors were confronted by bad news from retail and financial giants, as well as a 6-year-high in weekly unemployment, the Wall Street Journal reports. The Dow fell 224.64to 11,431.43. The Nasdaq lost 22.64 to... Read full story »

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Bad News Spurs Big Sell-Off

Poor results at AIG, nervous retailers, rising oil all contribute to decline

NASDAQ • Federal Reserve • Dow Jones • Freddie Mac • Fannie Mae • AIG • S&P 500 • Walmart • financial crisis

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