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Showing posts with the label lehman brothers

On Wall Street, Dow Jones Average Sinks Below 10-Thousand

Wall Street saw another extraordinary day Monday with the Dow Jones Industrial Average plunging as much as 800 points before recovering to close 370 points down. Despite the $700 billion bailout passed by U.S. lawmakers last week, analysts say there is growing fear that the credit crisis is spreading around the world. The concerns came as a U.S. House Committee began hearings Monday on the causes of the current financial crisis.