US market drops amid financial turmoil

Shares tumbled today as US investors reacted to a stunning reshaping of the landscape of Wall Street.

Mon, 15 Sep, 2008 - 17:13

Shares tumbled today as US investors reacted to a stunning reshaping of the landscape of Wall Street.

The Dow Jones industrial average fell 300 points on the back of the end of Lehman Brothers and Merrill Lynch, but the market’s initial losses were not as steep as some investors had feared.

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CourtsLehman Bros bankruptcyPlace: USPlace: Wall StreetPlace: New YorkPlace: Gulf of MexicoPlace: TokyoPlace: EuropePlace: BritainPlace: GermanyPlace: FrancePerson: Scott FullmanPerson: FullmanEvent: Hurricane IkeEvent: September 11Organisation: Lehman BrothersOrganisation: Merrill LynchOrganisation: LehmanOrganisation: Bank of AmericaOrganisation: American International GroupOrganisation: Federal ReserveOrganisation: AIGOrganisation: Wall StreetOrganisation: Bear StearnsOrganisation: DowOrganisation: WJB Capital GroupOrganisation: New York Mercantile ExchangeOrganisation: Wal-Mart StoresOrganisation: MerrillOrganisation: European Central BankOrganisation: Bank of EnglandOrganisation: Swiss central bankOrganisation: Fannie MaeOrganisation: Freddie MacOrganisation: Fed
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