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Updated from 1:22 p.m. EDT
Anyone lulled into a sense of security by the screaming stock market rally of the prior three days got a rude awakening Thursday.
The credit crunch in the U.S. markets for risky assets started to take the shape of a liquidity crisis Thursday morning, as banks in Europe and in the U.S. scrambled to obtain cash.
Investors fear that tighter lending standards and higher rates for bank-to-bank loans could lead to a more widespread contagion as the repricing of risk continues to evolve. ...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
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