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Wall Street Thuds For Obama
today was the worst inauguration daytime pop in on on wall street in history. u.s. stocks sank, sending the dow jones industrial average to its worst inauguration day decline, as risks banks must raise more capital sent financial shares to an little short of 14-year low. have street corp., the largest wherewithal executive for institutions, tumbled 59 percent after unrealized relationship losses bordering on doubled. wells fargo & co. and bank of america corp. slumped more than 23 percent on an analyst’s prediction that they’ll need to take steps to shore up their balance sheets. the dow’s 4 percent slide was the most on an inauguration day in the measure’s 112-year past, according to observations compiled by bloomberg and the stock trader’s almanac. subscribe to joe.my.god.
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February 2nd, 2009 at 9:19 am
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