Friday, July 07, 2006

Markets Tumble Over Profit Warnings

Corporate profit warnings sent the markets tumbling to a lower close with the Dow plummeting 135 points to 11,091. Nasdaq plunged 25 points to 2,130 while S&P 500 dropped 9 points to 1,265. The 30-year bond rose as the yield fell to 5.174%.

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