Wednesday, September 05, 2007

Markets Plummet As Pending Home Sales Tumble

As pending home sales tumbled to a six year low, the markets plummeted with the Dow plunging 143 points to 13,305. Nasdaq dropped 24 points to 2606 while S&P 500 skidded 17 points to 1472. The 30-year bond rose as the yield fell to 4.780%.

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