#1 Dow plunges 630 points after S&P downgrade
08-08-2011, 05:48 PMNEW YORK (CNNMoney) -- Wall Street had its worst day since the 2008 financial crisis, as fearful investors reacted to the United States losing its coveted AAA credit rating.
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All three major U.S. stock indexes sank between 5% and 7%, pushing the Dow below 11,000 for the first time since last November.
U.S. stocks have fallen 15% during the past two weeks.
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