The New York Times
Thu, February 04, 2010 -- 4:09 PM ET
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Sovereign Debt and Job Worries Push Stocks Down Sharply; Dow Industrials Fall 2.6%
Two of Wall Street's biggest fears -- a deteriorating
employment picture and the debt woes facing foreign
governments -- re-emerged on Thursday, pushing stocks sharply
lower. The Dow Jones industrial average fell 2.6% and briefly
dipped below 10,000 before closing at 10,002.18 in
preliminary figures; broader indexes slid nearly 3 percent.
Thursday's trading brought hefty declines across the board,
with a possible crisis in the European financial system
overshadowing news of robust earnings for technology
companies.
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