US stocks tumble

Wall Street abruptly ended an earnings-driven rally and closed sharply lower today after a steeper-than-expected decline in existing home sales and worries about the financial sector chilled the market's recent optimism.

US stocks tumble
Thu, 24 Jul, 2008 - 23:13

Wall Street abruptly ended an earnings-driven rally and closed sharply lower today after a steeper-than-expected decline in existing home sales and worries about the financial sector chilled the market's recent optimism.

The major indexes fell about 2%, including the Dow Jones industrial average, which lost more than 275 points.

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CourtsBusinessHeathrowPlace: USPlace: Wall StreetPerson: Alan LanczPerson: Freddie MacOrganisation: National Association of RealtorsOrganisation: LanczGlobalOrganisation: DowOrganisation: Amazon.comOrganisation: NasdaqOrganisation: New York Mercantile ExchangeOrganisation: Washington Mutual IncOrganisation: Citigroup IncOrganisation: Merrill Lynch & CoOrganisation: Wachovia CorpOrganisation: Fannie MaeOrganisation: CongressOrganisation: Treasury DepartmentOrganisation: Labour DepartmentOrganisation: Ford Motor CoOrganisation: Dow Chemical CoOrganisation: Bristol-Myers Squibb CoOrganisation: Eli Lilly & CoOrganisation: Amazon.com IncOrganisation: New York Stock Exchange
<p>Under the model, the HCCI said that home care referrals are issued simultaneously to all approved providers, who must respond immediately to secure the allocation.</p>

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