Fear grips Wall Street

July 27, 2007

U.S. stocks suffered one of their biggest losses of the year, as part of a global sell-off. The Dow tumbled 311 points to 13,473. The S&P 500 lost 35 points to 1,482. The Nasdaq slid 48 points to 2,599. Crude oil hit $77 a barrel before falling. Speaker: Jim Awad, Chairman, Awad Asset ManagementConway G. Gittens reports from New York.