Stocks crumble as credit fears linger

U.S. stocks are now down 10 percent from their recent highs as the credit crunch sparked an exodus from the stock market and a stampede into the bond market. The Dow tumbled 237 points to 12,743. The S&P 500 lost 33 points. The Nasdaq posted a 55 point decline to 2,540. Crude oil prices moved lower.

Conway G. Gittens reports from New York. Reuters Video Nov 26, 2007