By and  on July 27, 2007

Stocks plunged Thursday as markets tumbled on credit and housing concerns — compounding fears of an already shaky foundation for consumer spending and pushing the S&P Retail index to a nine-month low.

The Dow Jones Industrial Average closed down 2.3 percent to 13,473.57 — its biggest drop since February. The New York Stock Exchange fell 2.7 percent to 9,659.36, the S&P 500 lost 2.3 percent to 1,482.66, and the Nasdaq slid 1.8 percent 2,599.34.

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