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IPFS News Link • Economy - Economics USA

Dow, S&P lose nearly 3 pct as subprime ills spread

• Reuters
Stocks tumbled on Thursday, with the Dow and S&P down nearly 3 percent, after a French bank froze three funds that invested in U.S. subprime mortgages, prompting central banks to take steps to calm investors. Evidence the U.S. mortgage market cris