Stocks Down Worldwide
July 26th, 2007 by Stephen RomanBloomberg
Stocks tumbled around the world and U.S. Treasuries rallied on concern higher borrowing costs will slow takeovers, spur debt defaults and curb earnings, prompting investors to flee riskier assets. The Standard & Poor’s 500 Index fell to its lowest in three months, while Europe’s Dow Jones Stoxx 600 Index dropped 2.7 percent, its biggest retreat since March. Benchmark stock indexes in Brazil, Mexico, Argentina, Korea, Poland, Russia and Turkey slid more than 2 percent.
Posted: July 26th, 2007 under Americas, Equities, Europe, General.
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