Heavy decline for US stocks

Stocks tumbled today after a plan to alleviate a liquidity crisis at Bear Stearns touched off concerns about the severity of credit troubles.

Fri, 14 Mar, 2008 - 21:17

US stocks tumbled today after a plan to alleviate a liquidity crisis at Bear Stearns touched off concerns about the severity of credit troubles.

Each of the major indexes lost more than 1.5% on the day, with the Dow Jones industrial average falling nearly 200 points.

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CourtsBusinessHeathrowPlace: USPerson: Phil OrlandoPerson: Ben BernankePerson: Peter CardilloOrganisation: Bear StearnsOrganisation: New York Federal ReserveOrganisation: JP Morgan Chase & CoOrganisation: Labour DepartmentOrganisation: Wall StreetOrganisation: Federated InvestorsOrganisation: NasdaqOrganisation: DowOrganisation: FedOrganisation: Central BankOrganisation: JPMorganOrganisation: Chicago Board Options ExchangeOrganisation: New York Stock ExchangeOrganisation: Avalon PartnersOrganisation: Standard & PoorOrganisation: S&Organisation: Bear Stearns'Organisation: JP MorganOrganisation: Lehman Brothers Holdings
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