Monday, March 10, 2008

Oil tops $107; stocks fall

Elsewhere, McDonald's reports better-than-expected sales. A rumored rate cut fails to materialize. A big Wall Street bank cuts 5% of its work force. Gas prices jump to record highs

Market falls as credit crisis pressures linger

U.S. stocks fell on Monday, with the Nasdaq and the S&P 500 down 1 percent, as investors sold off financial shares on fears of more credit losses, while concerns that the United States may already be in recession hurt shares of large manufacturers

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