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Dow, S&P hit lows on fresh credit jitters

Fri Feb 8, 2008 11:31pm IST
 
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NEW YORK (Reuters) - The Dow and S&P 500 sank to session lows on Friday, erasing an early attempt at a rally as investors dumped financial shares amid another bout of worry about a possible fire sale of risky credit derivatives.

The Dow Jones industrial average was down 82.42 points, or 0.67 percent, at 12,164.58. The Standard & Poor's 500 Index was down 8.03 points, or 0.60 percent, at 1,328.88. The Nasdaq Composite Index was up 2.51 points, or 0.11 percent, at 2,295.54.

Russian Finance Minister Alexey Kudrin poses with his G20 colleagues and central bank leaders during the family photo at the G20 Finance Ministers meeting at a hotel in St. Andrews, Scotland. REUTERS/POOL New
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