Second Day Of Sharp Losses

The markets posted sharp losses for the second day despite a surprisingly upbeat GDP report as investors continued to be concerned about the ailing housing industry. The Dow plummeted 208 points to 13,265 while Nasdaq skidded 37 points to 2562. S&P 500 plunged 24 points to 1459. The 30-year bond eased as the yield edged up to 4.949%.