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Bluefield Daily Telegraph in Bluefield, West Virginia

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Newspaper

Bluefield Daily Telegraph

Location

Bluefield, West Virginia, United States of America

Date

Aug 08, 2008

Page

14

Stocks fall on worries about financial sector

On Thursday Wall Street slid as concerns over the financial sector, unemployment, and weak retailer sales spurred a broad market retreat. The Dow dropped about 225 points to 11431.43, with S&P 500 and Nasdaq also down, as oil rebounded and bonds gained as investors sought safety. AIG posted a multimillion-dollar quarterly loss, amplifying jitters along with cuts from GM, Weyerhaeuser and Starbucks.

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