Economic Calendar

Friday, September 26, 2008

Stocks slide on stalled bailout, WaMu collapse

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NEW YORK (Reuters) - Stocks dropped at the open on Friday after congressional talks on a $700 billion financial sector bailout stalled and authorities seized the largest U.S. thrift, heightening worries about the fallout from the credit crisis.

The Dow Jones industrial average .DJI was down 126.80 points, or 1.15 percent, at 10,895.26. The Standard & Poor's 500 Index .SPX was down 18.36 points, or 1.52 percent, at 1,190.82. The Nasdaq Composite Index .IXIC was down 47.03 points, or 2.15 percent, at 2,139.54.

(Reporting by Kristina Cooke; Editing by Kenneth Barry)




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