Earth Equity News

Stocks Fall Sharply Monday on Credit Concerns. By Michael M Grynbaum, NYTimes, October 6, 2008. "Shortly after noon, the Dow was down 450 points or 4.3 percent. The broader American stock market was down more than 4.9 percent... At the same time, oil dropped below $90 a barrel. The precipitous declines, which accelerated as the morning wore on, came a day after European governments were forced to scramble to save several major banks and lenders from collapse. The moves reinforced the global reach of the current crisis and alarmed depositors and regulators in the United States and abroad. European stocks fell even further, with the major indexes in London, Paris, and Frankfurt down nearly 7 percent... Energy stocks drove the decline, falling 13 percent."