Stocks fall on belief global recession is at hand (AP)

Posted by admin on October 25, 2008 under News | Be the First to Comment

Stocks fall on belief global recession is at hand (AP)

A specialist holds his head as he works on the floor of the New York Stock Exchange, Friday Oct. 24, 2008. Wall Street capped another difficult week with steep losses Friday, sending the major indexes to their lowest levels in more than five years as markets around the world skidded lower on the belief that a punishing economic recession is at hand. (AP Photo/Richard Drew)AP – Wall Street joined stock markets around the world in a huge selloff Friday, sending major market indexes to their lowest levels in more than five years on the belief that a punishing economic recession is at hand. A grim outlook from electronics maker Sony helped trigger the selling, and another bleak forecast from the automaker Daimler added momentum to the drop.


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