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Economic Fears Reignite Market Slump
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OCTOBER 16, 2008 Economic Fears Reignite Market Slump
Stocks Post Biggest Drop Since 1987 Crash as Retail Sales Fall, Commodities Sink and Investors Worry About Hedge Funds
By SUDEEP REDDY, JENNIFER SARANOW and ANN
Fears of a deep recession sparked the worst drop in the Dow Jones Industrial Average in 21 years, as retail sales tumbled, demand for commodities sank and bank earnings fell.
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