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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

More of today's headlines

Postville, IA - The Owners of Agriprocessors are at it again. The infamous kosher meat company, whose Iowa plant was raided in May and found to have hundreds of illegal... Yonkers, NY - Police arrested two Yonkers men and a 17-year-old city boy in a stolen 2002 Honda Suburban that was swiped from the parking lot of Stein Yeshiva Lincoln...



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