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Reuters: Mortgage woes, economic worry sink Wall Street

Started by chris, March 07, 2008, 12:01:02 AM

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chris

Mortgage woes, economic worry sink Wall Street
      


NEW YORK (Reuters) - Stocks tumbled on Thursday after a series of fresh jolts to credit markets and lackluster retail sales compounded worries the economy is near recession, driving the benchmark Standard & Poor's 500 down 2.2 percent to its lowest closing level in 18 months.
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