Saturday, January 12, 2008

Wall St stocks drop as consumers cinch belts (Reuters)



Traders watch the morning board on the New York Stock Exchange trading floor, 08 January 2007. Nerves on Wall Street are being frayed by high volatility as investors face the possibility of a US recession that could mean a bear market, or for some, a buying opportunity.(AFP/File/Timothy A Clary)Reuters - Stocks fell sharply on Friday, capping
a third consecutive weekly decline, on a warning by American
Express Co of mounting credit-card defaults and a
slowdown in consumer spending.




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