Stocks drop on slow growth fears

Cory Bergman February 27th, 2007

Update: The Dow closed down 415 points (-3.3 percent) and the NASDAQ dropped 97 points (-3.9 percent) today after a slide in Chinese stocks and concerns the U.S. economy is decelerating more than anticipated. Yesterday, former Federal Reserve Chairman Alan Greenspan said the economy may be headed for a recession. Nervous investors are beginning to shift their money to more dependable ground. Clearly too early to see where all this is leading, but it’s certainly not very comforting for media companies that depend on advertising growth.

Another update: Right after market close here, WSJ.com is loading verrrry slowly.