Wall St. Down, Recession Fears Kick In
Yesterday's stock market gains didn't last through today. The Dow closed down today , due to fears of recession.
Two stocks that gained: Citigroup and Bank of America.
The AP has more on today's 200 point drop.
On a related note, GMAC told General Motors car dealers yesterday only people with credit scores above 700 will get new car loans. That's going to leave a lot of unsold cars on the GM dealers' lots. Cars the dealerships may own but be financing and paying interest on. How long can they hold out? [More...]
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