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Markets Slammed by US Debt Downgrade (C, WMT)
By: InvestorGuide.com » Daily Market Commentary
Posted on April 18, 2011 at 18:00 PM EDT
Markets get slammed on Monday by a surprise US credit downgrade by Standard & Poors. Ballooning debt and budget uncertainty led to the decision sending stocks way down to start the day. Although still finishing with heavy losses, stocks were able to gain a portion back before trading closed. In corporate news, Citigroup (C) reported [...]
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