General Growth Drops 42, AMR Plunges 25

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Market Update Analysis:

General Growth Drops 42%, AMR Plunges 25%

Author: 123jump.com Staff
123jump.com
Last Update: 11:32 PM ET October 07 2008

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Real estate investment trusts plunged on the worries that tight credit conditions may force some companies to bankruptcies. General Growth Properties dropped 42% and Simon Property fell 10%. Bank of America sank 26% after it cut its dividend. Airlines plunged on aircraft financing worries.

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