Friday, July 27, 2007

Stocks drop more than 1 percent on credit concerns

(Reuters) - Losses accelerated in the final minutes of trading, taking the Dow industrials down more than 200 points, a day after an equities sell-off that wiped out more than $300 billion in the value off the S&P 500.




"We've had this massive change in investor expectations in terms of new deal flow," said Fred Dickson, market strategist, director of retail research, D.A. Davidson & Co. Lake Oswego, Oregon. "The lifeguards have shouted, and investors are now starting to heed their warnings and head back to shore."


Read more at Reuters.com Business News

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