U.S. Stocks Drop Most Since Crash of 1987 on Recession Concerns

U.S. Stocks Drop Most Since Crash of 1987 on Recession Concerns

Published by kidmercuryblog
10-16-2008

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U.S. Stocks Drop Most Since Crash of 1987 on Recession Concerns

Oct. 15 (Bloomberg) — U.S. stocks plunged the most since the crash of 1987, hammered by the biggest drop in retail sales in three years and growing doubt that plans to bail out banks will keep the economic slump from deepening.Exxon Mobil Corp. and Chevron Corp. tumbled more than 12 percent as oil fell below [...]

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