Monday, 8 August 2011

U.S. Stocks Continue Selloff: Dow Falls More Than 500 Points

The Dow Jones Industrial Average fell over 500 points in afternoon trading Monday after a one-two punch: the first-ever Standard & Poor's downgrade of U.S. debt, then the downgrading of govenment-backed mortgage debt. At one point the Dow was down 500 points, below 11,000; the S&P and Nasdaq down 5 ...


Related News:-

  • U.S. Stocks End Three-Day Drop


  • In overseas action, Asian bourses rallied. China's Shanghai Composite leapt 1.5% in response to news that China's economy grew a greater-than-expected 9.5% in the ...

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