Wall Street fears send FTSE tumbling

The drop follows fears Wall Street will suffer triple digit losses due to surging oil prices and ongoing fears about the US housing market, concerns which so far look merited. Resistance to the fall was only offered by Resolution, up 17.5 points, or 2.84%, to close on 633.5p. But substantial losses for Legal & General, down 12.4p, or 8.24%, to 138.1p, Intercontinental Hotel, down 7.34% to £11.11, and Vodafone, down 11.3p, or 7.23%, to 145p, dragged the index down. In the US, early losses on the Dow Jones has seen the index fall 227.53 points, or 1.65%, to 13557.54. 3M company, up 1....