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Article: A troubling fall in Wall Street. (Dow Jones Industrial Average drops 120 points) (Brief Article)
- Article from:
- U.S. News & World Report
- Article date:
- November 25, 1991
CopyrightCOPYRIGHT 1991 All rights reserved. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The credit crunch, long blamed for the sluggish economy, is sharing blame for a bad day on the stock market. Combined with a decline in biotech stocks, fears about proposals to limit bank credit-card interest rates helped drive the Dow down 120 points last Friday, the biggest one-day decline since Oct. 13, 1989. Even worse damage occurred in the high-flying over-the-counter market, which had been setting new records. With credit-card rates hovering near record highs this year, ...
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