The sell-off comes in reaction to the downgrade on U.S. debt by Standard & Poor's.Accelerating fears of a new global recession sent the Dow Jones industrial average plunging more than 600 points as Washington policymakers scrambled to contain the damage fueled by reaction to the U.S. credit rating downgrade.
Dow Tumbles 634 Points On Recession Fears
Los Angeles Times - Top News, Los Angeles Times
Mon, 08/08/2011 - 9:00pm
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