The Dow takes a dump
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Dookie The Webmaster
3:09 PM
Stocks throttled by credit, housing fears
Dow recovers around 100 points; still suffers 2nd-worst day of 2007
Stocks ended sharply lower Thursday as anxiety about shaky credit markets and the troubled housing sector swept Wall Street, pushing the Dow Jones Industrial Average down more than 400 points, its largest single-day drop this year, before recouping a chunk of its losses.
"We're seeing panic in the market today - you can almost cut the level of fear with a knife," said Al Goldman, chief market strategist at AG Edwards.
At the unofficial 4 p.m. close, the Dow Jones industrials was off 310 points to 13,474.9, with all but one of its 30 stocks in the red. The Dow earlier fell to a low of 13,335.
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