Stocks Plunge on Service Sector Weakness
NEW YORK (AP) -- Wall Street plunged Tuesday, driving the Dow Jones industrials down 370 points after investors saw an unexpected contraction in the service sector as evidence the economy is sinking into recession. It was the Dow's biggest percentage drop in almost a year.
NEW YORK (AP) -- Wall Street plunged Tuesday, driving the Dow Jones industrials down 370 points after investors saw an unexpected contraction in the service sector as evidence the economy is sinking into recession. It was the Dow's biggest percentage drop in almost a year.
A broker looks up from the trading floor of the New York Stock Exchange a short time before the closing bell Tuesday, Feb. 5, 2008.Yep, dude, the party might be over. The Service Sector was blamed for the drop. Consumer spending is next in line.
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