Wall Street drops

Posted by 7Star Friday, January 22, 2010

The Dow suffered its worst drop of 2010 on Wednesday as US stocks succumbed to fears that China's curbs on bank lending might jeopardise the global economic recovery, while IBM's outlook sparked caution about the technology sector. Chinese authorities have ordered some major banks to curb their lending over the rest of this month after an early burst of credit, banking industry sources said.

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