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Money Report: Dow Falls Nearly 680 Points
Tuesday, December 02, 2008 12:46:43 AM
NEW YORK (AP) -- Stock prices fell sharply as investors digested more downbeat economic news, as well as the official declaration that a recession began about a year ago.
The Dow sunk about 680 points to 8,149, erasing much of last week's gains.
The S&P fell 80 points or nearly 9 percent to 816. The Nasdaq composite index was down 137 points to 1,398.
Declining issues topped advancers by an 8-to-1 margin.
Volume on the NYSE was 5.6 billion shares. On the Nasdaq stock market, volume was 1.9 billion shares.
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