Thursday, July 24, 2008

Perfect storm hits Wall Street

Earnings disappointments, jobless claims and a plunge in existing-home sales combine to clobber stocks this morning. Ford suffers a big loss and Dow Chemical reports a drop in profit, although 3M beats the Street.

Home sales at 10-year low, jobless claims jump

Ford posts $8.7 billion loss on truck slump

BIDU 335.08 +46.38 +16.07%