US stocks fall sharply as dollar sinks to fresh lows


  • Business
  • Thursday, 08 Nov 2007

NEW YORK (AP): Wall Street has suffered its second big drop this week, with investors worried about spreading fallout from the credit crisis at banks and about a dollar that just keeps getting weaker. The Dow Jones industrial average fell more than 360 points - just about matching its pullback of last Thursday. 

A passel of worries tormented investors Wednesday, including comments by New York Attorney General Andrew Cuomo about conflicts of interest in the mortgage industry that exacerbated declines among bank stocks. 

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