Monday, August 8, 2011

BREAKING NEWS: U.S. Stocks Plunge in Wake of S&P Downgrade

U.S. stocks plunged at the open Monday morning, trading for the first time since Standard & Poor's lowered the credit rating of the U.S. The Dow Jones Industrial Average is down 225 points at 11214, the Nasdaq Composite dropped 83 to 2448 and the S&P 500 index shed 24 to 1175. Gold and silver were higher, oil was lower and Treasury prices rose.


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