Author: 123jump.com Staff
123jump.com
Last Update: 4:26 PM EDT July 27 2007

Market averages in New York closed at their worst level of the day on steep sell-off in the last ten minutes of trading. Earliers European markets closed lower by 1% across the region on continues worries of financing for the leverages takeovers. Baker Hughes reported lower than expected earnings. Manpower, staffing agency plunged 7%. Blackstone IPO plunged 5% and closed at a new low from its first day of trading. Tokyo closed down 2.4%, Korea and Taiwan plunged 4.2%.