Thu 4 Dec 2008 | 22:46 EST
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Housing slump revives economic fears

(01:48) Report

Jul. 24 - The biggest drop in existing home sales in 10 years reignited worries about the economy, which in turn sparked the biggest drop in the Dow since late-June.

  • The Dow tumbled 283 points to 11,349.
  • The S&P 500 fell 29 points to 1,252.
  • The Nasdaq dropped 45 points to 2,280.
  • Crude oil prices rallied over $1 to $125.49 a barrel. Conway Gittens reports from New York.SOUNDBITE: Fred Dickson, chief market strategist, D.A. Davidson

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