Market drops 3 percent on profit jitters, oil record (Reuters)

A board at the New York Stock Exchange shows the final tally for the day, June 26, 2008. (Brendan McDermid - UNITED STATES/Reuters)Reuters - Stocks plunged on Thursday, with the
Dow sliding about 360 points to a 21-month low as oil hit a
record and Wall Street powerhouse Goldman Sachs urged investors
to sell bank and automaker shares, escalating concern about the
outlook for profits.


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