Stocks Tumble on New Signs of Economic Woes
January 9, 2008
Stocks tumbled Tuesday afternoon after the chief executive of the nation’s largest phone company, AT&T, suggested a weaker economy was forcing consumers to scale back spending.
The market was up modestly earlier in the day, but was rattled by the warning from AT&T and rumors that Countrywide Financial, the nation’s largest mortgage company, might seek bankruptcy […]
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