Posted AT 8:17 AM EST on 01/07/08
Global stock markets close out a dismal first half
NEW YORK — The worldwide credit crisis that burst onto investors' radar screens nearly a year ago wiped out some $3.3-trillion (U.S.) in global stock market wealth in the first half of this year, and optimism for a second-half recovery is fading fast.
Benchmark stock indexes around the world just wrapped up their worst first half in six years or even more. For some, most notably the Dow Jones industrial average, which dropped 14.
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