Stocks Tumble on Economic, Earnings Worries
BUSINESSWEEK - Market Snapshot July 9, 2008, 6:01PM EST Major indexes each dropped over 2% Wednesday, led by a slump in financial stocks Major U.S. stock indexes tumbled Wednesday amid a late burst of selling. Ongoing worries about the economy and corporate profits curbed buying interest in the market. The pullback more than erased a 152-point gain by the Dow industrials on Tuesday. The weakness was led by financial issues, including Freddie Mac (FRE), Fannie Mae (FNM), Citigroup (C), and M
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