Wall Street slaughter extends to Indiana

February 27, 2007
Name-brand Indiana stocks were not immune to the down draft that swept through Wall Street today.

Columbus diesel engine manufacturer Cummins Inc. fell nearly 4.7 percent to $136.15 a share. Indianapolis-based software developer Interactive Intelligence dropped 5.8 percent to $14.77.

Other stocks were hit hard, too. Brightpoint, the Plainfield cell phone distributor, saw its shares dive 4.2 percent to $12.09. Fort Wayne steelmaker Steel Dynamics Inc. plummeted 7.7 percent to $30.68.

A sell-off that began in China rippled across Europe to shear 416 points off the Dow industrial average, leaving the index at 12,216.2. The Standard & Poor’s 500 settled at 1,399, down 3.5 percent, and the NASDAQ lost 96.7 points, to 2,407.9.
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