Dow, but Not Out: Massive Losses Avoided on Wall Street

What started out as a catastrophy on Wall Street ended as just another in a series of bad days for investors with the Dow Jones Industrial Average closing down 312 points. Just a few months ago such a large drop would have been seen a miserable day. Today, investors were close to cheering. The day started off with a massive drop in stock futures after a sell-off overseas, triggered by fears of a deep and prolonged global recession. The drop was large enough to trigger a trading halt but that...Full Story
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