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Article: STOCK DROP SETS A RECORDDOW FALLS 41.91 IN HEAVY SELLING.(Main)
- Article from:
- Albany Times Union (Albany, NY)
- Article date:
- May 1, 1986
CopyrightCOPYRIGHT 1986 Albany Times Union. 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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Byline: Combined wire services
Stock prices plunged as waves of selling programs battered the blue chips Wednesday, sending the Dow Jones industrial average on its deepest one-day point dive in history.Few sectors were spared in the sell- off and broader market measures also finished with large losses, with the stocks of utilities and food processing companies being battered by speculation over the possible effects of the nuclear accident in the Soviet Union.But grain and meat prices continued soaring on U.S. commodities exchanges.The Dow Jones average of 30 industrials tumbled 41.91 to 1,783.98. It was the biggest loss in absolute terms for a single day, ...