As more news about the looming credit crunch slapped major stock indexes lower on Thursday, the U.S.'s big investment banks got hit even harder.
Standard & Poor's investment bank and brokerage sector tumbled 4.67% on Thursday. Big Wall Street players were pummeled. Bear Stearns (BSC), Goldman Sachs (GS) and Morgan Stanley (MS) all fell more than 5%, and Lehman Brothers (LEH) dropped more than 7%. Market anxiety had already caused financial stocks to drop more than 5% in the last month.
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