The New York Times
Thu, May 06, 2010 -- 4:15 PM ET
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Stock Markets Recover From 9% Drop, Finish Day Down About 3%
Wall Street reeled through a volatile day, with stocks
closing sharply lower after recoiling from a brief plunge of
nearly 9 percent. The Dow Jones Industrial Average closed
down 347.80 points or 3.2 percent, and the S. & P. 500 index
dropped 37.75 points or 3.24 percent, after fears over
Europe's debt crisis and computer-driven trading sparked a
massive selloff. The euro slid to $1.2616 to the dollar, and
investors fled to Treasuries, gold and other safe-haven
investments.
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