Stocks Tumble, Derailing Rally
Stocks Tumble, Derailing Rally August 8th, 2008 BUSINESSWEEK - Market Snapshot August 7, 2008, 5:01PM EST Jobless claims rose to their highest level in six years, while AIG reported another $11.6 billion in investment losses by Ben Steverman The stock market’s seesaw ride continued Thursday. Major indexes gave up nearly all of the week’s gains amid more worries about the economy and the financial sector, sparked by a rise in jobless claims and an $11.6 billion hit to the balance sheet of
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