Dow drops 185pts, Infosys down 1%

Stocks tumbled on Wall Street yesterday on worries over the hedge funds of Bear Stearns and moves to end the tax advantage for investment fund managers.
The bear grip, however, did not impact the debut of Blackstone Group LP, which saw its shares surge over 13%.

While The Dow dropped 185 points to 13,360, the Nasdaq Composite was down 28  points at 2,589.

Indian ADRs also declined. Infosys dropped over 1% to $51.15. Satyam, Wipro and HDFC Bank also finished with losses of over 1% each yesterday.