BOSTON ( TheStreet) -- Standard & Poor's downgraded America's triple-A credit rating for the first time Friday, almost a trillion dollars was wiped off the benchmark S&P 500 Index of U.S. stocks this week and a key jobs report confirmed the economy is limp.With stocks having strongly rebounded from the March 2009 low and the Federal Reserve predicting accelerating economic growth in the second half of this year, expectations had been high just a few months ago. Instead, stocks are now down 10% from this year's peak -- producing the first correction in more than two years -- throttled by Thursday's 500-point-plus nose dive in the Dow Jones Industrial Average that did as much emotional damage as financial.
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