Business Update: Stocks at 12-yr low
Feb. 23 - Wall Street's slump extended to a 12-year low as government proposals to clean up the banking sector failed to stop growing economic concerns.
The Dow fell 250 points to 7,114. The S&P 500 dropped 26 points to 743. The Nasdaq fell 53 points to 1,387. Crude oil prices dropped to $38.44 Conway Gittens reports from New York. SOUNDBITE: Jim Awad, managing director, Zephyr Management
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