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Wednesday, August 03, 2011

US Stocks plunge on economy concerns


The stock market fell sharply Tuesday because investors have grown increasingly worried about the economy.

The Standard & Poor's 500 index lost 33 points, or 2.6 percent, and is now down 0.3 percent for the year. The Dow Jones industrial average fell 266 points, or 2.2 percent, and is now up just 2.5 percent for the year.

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