Markets Plummet Over Housing Concerns

Concerns about the stability of housing market sent the markets skidding to a close with the Dow posting its largest drop of the year. The blue chip index plummeted 311 points to 13,474 while Nasdaq plunged 49 points to 2599. S&P 500 tumbled a sharp 35 points to 1483. The 30-year bond rose as the yield dropped to 4.948%.