FRIDAY AUGUST 10
Rally Over

The bad news was back yesterday. Not since 2002 have brokerage shares seen a worse day. The Dow Jones Industrial Average fell a depressing 387 points, while the S&P 500 lost 3%. To blame: The increase in overnight loan rates in addition to speculation that banks will see their credit investments shrink. The sell-off in China didn't help, either. This ended the US market's three-day rally.

August 2007

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