Thomas Heath on Washington Post Radio

The stock market suffered another day of sharp losses as investors continued to sell on bad news from the mortgage and financial sectors. The Dow Jones industrial average dropped 167 points, to finish at 12,867, less than a month after hitting a record high of 14,000. The Standard & Poor's 500 stock index, a broader measure of the markets, closed at 1,409 and is now in negative territory for the year. The Nasdaq, meanwhile, fell by about 40 points, to close at 2458.83.

Staff writer Thomas Heath discussed the day's markets news with Washington Post Radio's Hilary Howard and Bob Kur. Listen here.

By Mike Shepard  |  August 15, 2007; 7:24 PM ET
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