Stocks slump as subprime fears grow

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Uploaded by on Jun 22, 2007

Stocks tumbled over a full percent on Friday after troubles at two Bear Stearns hedge funds sparked worries the subprime turmoil is spreading. The Dow tumbled 185 points to 13,360. The Nasdaq gave up 28 points to 2,588. Crude oil prices rallied on trouble in Nigeria.

Conway G. Gittens reports from New York.

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