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U.S. Stocks Sink in Biggest Drop Since 2008

"U.S. stocks fell the most in 32 months this week, erasing the Standard & Poor’s 500 Index’s 2011 advance, as investors fled equities amid signs that the economy is stalling. An early rally faded yesterday as concern grew that S&P would cut the American credit rating, speculation which proved to be true after financial markets closed."

Read the full story at Bloomberg

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