View single post by Joe Kelley
 Posted: Wed Feb 28th, 2007 05:39 pm
PM Quote Reply Full Topic
Joe Kelley

 

Joined: Mon Nov 21st, 2005
Location: California USA
Posts: 6399
Status: 
Offline
Mana: 
 http://money.cnn.com/2007/02/27/markets/markets_0630/index.htm?cnn=yes

Brutal day on Wall Street
Dow tumbles 416, biggest one-day point loss since 2001, as investors eye China, drop in durable orders.
By Alexandra Twin, CNNMoney.com senior writer
February 27 2007: 6:57 PM EST
 

Treasury bonds rallied as investors sought a safe place to park their money while the dollar fell. Oil prices inched higher and gold tumbled as traders bet that slower growth in China would put less upward pressure on commodity prices worldwide.