U.S. Stocks Drop on Decline in Consumer Data, CIT Threat: Video

Oct. 30 (Bloomberg) -- Bloomberg's Deborah Kostroun reports on the performance of the U.S. equity...  More »

Oct. 30 (Bloomberg) -- Bloomberg's Deborah Kostroun reports on the performance of the U.S. equity market today. U.S. stocks tumbled, ending a seven-month streak of gains for the Standard & Poor’s 500 Index, as declines in consumer confidence and spending and the threat of a CIT Group Inc. bankruptcy raised concern over the durability of the economic recovery. The dollar and Treasuries gained, while commodities retreated. (Source: Bloomberg)  « Less