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Market Opens Sharply Down

By Dustin Lushing, Newser Staff

Posted Aug 16, 2007 10:18 AM CDT

(Newser) – US stocks dipped this morning, following steep declines in Europe and Asia as distress over the expanding credit crisis heightened. The Dow Jones sank over 100 points this morning, and the S&P was off nearly 0.8% after erasing its entire year's gains yesterday.... Read full story »

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Market Opens Sharply Down

stock market • Federal Reserve • subprime mortgages • Henry Paulson • business • shares • US economy • yen • interest rate • credit crisis

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More Newser Stories

Investors Might Reap Rewards of Dollar's Slide

Currency's record lows against euro cause "to cheer," analyst says

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Fed should ignore critics, hold its ground until markets rebound

Feds Must Ward Off Stagnation, Clinton Says

Says buying mortgages might be necessary to avoid prolonged skid

Fed Pours $200B Into Global Credit Relief Push

Central banks around the world try to ease liquidity problem

Bernanke Suggests Rate Cuts Ahead

Fed chief sees threats from employment, housing, credit

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