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Stocks dive; Dow off 513 points, worst since 2008
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Contributor | ScottĀ³ |
Last Edited | ScottĀ³ Aug 04, 2011 04:00pm |
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Category | News |
Author | Laura Mandaro |
News Date | Thursday, August 4, 2011 10:00:00 PM UTC0:0 |
Description | "U.S. stocks cratered Thursday, sending the Dow Jones Industrial Average DJIA -4.31% to its worst-point drop since December 2008, as fears about the global economy sparked a broad selloff that accelerated into the close. The Dow average fell 512.76 points, or 4.3%, to 11,383.68, its steepest percentage drop since February 2009. The S&P 500 SPX -4.78% lost 60.27, or 4.8%, to 1,200.07, also its worst percentage drop since February 2009. The Nasdaq Composite COMP -5.08% lost 136.68 points, or 5.1%, to 2,556.39 points. For the year, all three indexes are now negative." |
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