(Reuters) - NEW YORK, July 26 - U.S. stocks plummeted on
Thursday, with the Dow industrials tumbling more than 300 points,
on signs of further weakness in the housing market and
deteriorating conditions for corporate buyouts.
The S&P shed about $300 billion in market value in the worst
single session since the Feb. 27 global market sell-off, with
surprisingly weak earnings reports also weighing on stocks. Even
with the sharp decline, the Dow and S&P 500 are within 5 percent
of their respective record highs.
Read more at Reuters.com Bonds News
Thursday, with the Dow industrials tumbling more than 300 points,
on signs of further weakness in the housing market and
deteriorating conditions for corporate buyouts.
The S&P shed about $300 billion in market value in the worst
single session since the Feb. 27 global market sell-off, with
surprisingly weak earnings reports also weighing on stocks. Even
with the sharp decline, the Dow and S&P 500 are within 5 percent
of their respective record highs.
Read more at Reuters.com Bonds News
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