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Updated from 4:12 p.m. EDT
Stocks closed sharply lower Tuesday as a weak retail sales report and more trouble in the subprime sector sent investors scurrying to the sidelines.
The selling intensified in the afternoon, leading to a plunge in the Dow Jones Industrial Average of 242.66 points, or 1.97%, to 12,075.96. Twenty-nine of the Dow's 30 components finishes in negative territory, with losses of 3.2% or more in JPMorgan (JPM Quote), Citigroup (C Quote) and American Express (AXP Quote).
The S&P 500 closed down 28.65 points, or 2.04%, to 1377.95, and the Nasdaq Composite sank 51.72 points, or 2.15%, to 2350.57. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,464.40 | 1,110.63 | 2,176.05 | 32.79 |
Oil *
75.38
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|
UP
30.69
|
UP
4.98
|
UP
6.87
|
DOWN
0.38
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10 Yr
3.28%
SPDR Gold
116.62
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|
+0.29%
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+0.45%
|
+0.32%
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-1.15%
|
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