Wall Street pulls back as financials fall
NEW YORK - Wall Street retreated Monday after Fannie Mae and Freddie Mac fell to their lowest levels in nearly 20 years on concerns that the government might need to bail out the mortgage financiers. Weakness in the overall financial sector sent the Dow Jones industrial average down more than 175 points.
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About This Post
Published: August 18, 2008
By: Ajay Shah
This article is filed under:
Business
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Published: August 18, 2008
By: Ajay Shah
This article is filed under:
Business
Would you like to provide feedback?
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