Wall street falls amid bad debt worries

Stocks pulled back sharply on Wall Street today after major US banks said they would set up a fund to help bail out the credit markets and as oil prices surged to 86 dollars a barrel for the first time.

Mon, 15 Oct, 2007 - 23:26

Stocks pulled back sharply on Wall Street today after major US banks said they would set up a fund to help bail out the credit markets and as oil prices surged to 86 dollars a barrel for the first time.

The Dow Jones industrial average lost more than 100 points.

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