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Updated from 4:18 p.m. EDT
Stocks slumped into the close and finished sharply lower Wednesday following a bearish speech from Treasury Secretary Henry Paulson, disappointing jobs data and yet another increase in the price of crude oil.
The Dow Jones Industrial Average sank 166.75 points, or 1.5%, to 11,215.51, and the S&P 500 was off 23.39 points, or 1.8%, at 1261.52. The Nasdaq plunged 53.51 points, or 2.3%, to 2251.46.
With the decline, the Dow and the Nasdaq have both now fallen more than 20% from their highs last October, putting the indices in what is widely accepted as bear-market territory. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,464.40 | 1,110.63 | 2,176.05 | 32.79 |
Oil *
77.05
|
|
UP
30.69
|
UP
4.98
|
UP
6.87
|
DOWN
0.38
|
10 Yr
3.28%
SPDR Gold
116.62
|
|
+0.29%
|
+0.45%
|
+0.32%
|
-1.15%
|
Data delayed 20 minutes |
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