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New York City - Brutal Selloff on Wall Street

Published on: September 4, 2008 04:12 PM
By: CNNfn
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New York City - Stocks plummeted on Thursday afternoon, with the Dow clsoing down nearly 350 points as mixed retail sales, lower oil prices and dour labor market readings amplified worries about a global economic slowdown.

The concerns overshadowed a better-than-expected sales report from Wal-Mart Stores and surprisingly strong readings on productivity and the services sector.

The Dow Jones industrial average lost 344 points to close at 11,188 points



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