By and  on December 28, 2007

NEW YORK — Wall Street headed south on Thursday due to economic concerns in the U.S. and fears of global instability in Pakistan, where many apparel goods are produced, following the assassination of opposition leader and former prime minister Benazir Bhutto.

Bhutto's assassination at a political rally outside of Islamabad raised concerns of unrest abroad, sending investors fleeing from equities to the safety of U.S. Treasuries.

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