Panic selling sends Wall Street to its sharpest decline since 2008

08/8/2011 | Reuters · Bloomberg · China Daily (Beijing)

The Standard & Poor's 500 index fell more than 6% in the first trading day after the U.S. was stripped of its AAA credit rating. The index was down 17.9% from this year's closing high, reached April 29. The fall, the biggest since December 2008, was part of a global sell-off.

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Reuters · Bloomberg · China Daily (Beijing)

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