Wall Street Falls Hard
12/27/07 - 04:55 PM EST
Robert Holmes
Also in the sector, shares of SLM Corp. (SLM Quote - Cramer on SLM - Stock Picks), commonly known as Sallie Mae, ended down 11.2% after the lender said it will sell $2.5 billion in common stock in order to buy out certain liabilities. SLM dropped $2.48 to $19.65.
Shares of Apple (AAPL Quote - Cramer on AAPL - Stock Picks) hit a record $202.96 before ending down 38 cents, or 0.2%, to $198.57. The move came after the stock crossed the $200 level for the first time during the prior session. Following the close, the company said it has a deal in place with News Corp. (NWS Quote - Cramer on NWS - Stock Picks) to offer movie rentals over the Internet through its iTunes digital media service. Overseas markets were mixed. Hong Kong's Hang Seng slipped 1%, and Japan's Nikkei lost 0.6% overnight. Among European bourses, London's FTSE 100 tacked on 0.3%, and Germany's Xetra Dax rose 0.5%.
RSS
