09 August, 2007

Bears, Bears and Bears Oh My!

Stocks took a big tumble lower today after three positive sessions. Credit woes sprung up again as rumors of further hedge funds losses spread from Europe. Financials were amongst the hardest hit and weighed on the Dow Jones Average.

American Markets:
Dow Jones: down 387 points (-2.83%)
Nasdaq: down 56 points (-2.16%)
S&P: down 44 points (-2.96%)

Canadian Markets:
TSX: down 280 points (-2.04%)

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