By  on September 26, 2008

Stock prices around the world tumbled Friday after Washington’s tentative deal to buy up bad mortgage debt and easethe flow of capital though Wall Street met with stiff opposition from House Republicans.

After 45 minutes of trading in New York, Standard & Poor’s Retail Index was down 1.4 percent, or 5.17 points, to 366.16, outstripping the decline in the Dow Jones Industrial Average, which was off 0.6 percent, or 66.98points, to 10,955.08.

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