NEW YORK - Wall Street extended its decline Friday as investors already anxious after the second-biggest market drop this year cast aside a stronger-than-expected read on the economy.
Investors clearly had a selling bias a day after the market shuddered amid worries over the U.S. mortgage and corporate lending markets, sending the Dow down by as much as 450 points before it closed with a deficit of 311. Investors globally took flight from equities, shifting cash into safer investments in Treasurys.
Although the market has often rebounded after a steep drop - and has done so in recent weeks - investors appeared unable Friday to set aside their concerns about a weakening …
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