Credit concerns hammer Wall St.

U.S. stocks open sharply lower as investors hear more talk of concern from AIG, BNP Paribas; Dow loss reaches 200 points.

August 9 2007: 9:38 AM EDT

NEW YORK (CNNMoney.com) -- U.S. stocks skidded at the start of trading Thursday as the credit crisis continued to bother investors.

The Nasdaq composite index skidded 1.5 percent. The Dow Jones industrial average was down 200 points, or 1.5 percent. The Standard & Poor's 500 index lost 1.6 percent.

In the latest developments, France's biggest listed bank, BNP Paribas, froze $2.2 billion worth of funds, citing the U.S. subprime mortgage sector problems. It said it would bar investors from redeeming cash from the funds.

In addition, AIG, one of the nation's largest mortgage lenders, said the percentage of mortgages defaulting is growing, with more defaults among borrowers with better-than-subprime loans.

Among stocks in the news Thursday: AIG (Charts, Fortune 500), Home Depot (Charts, Fortune 500), Campbell Soup (Charts, Fortune 500), Johnson & Johnson (Charts, Fortune 500), Blockbuster (Charts, Fortune 500) and Cardinal Health (Charts, Fortune 500). Top of page
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Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2012 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2012 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2012. All rights reserved. Most stock quote data provided by BATS.
© 2012 Cable News Network. A Time Warner Company. All Rights Reserved. Terms under which this service is provided to you. Privacy Policy. Ad choices .