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September 30, 2008

Dow Jones Hit by Sell Orders

In a dramatic blow for Bush administration and his team of economists, the Congress finally rejected the $700 bailout package plan. The decision has sent shock waves to investors leading to Wall Street’s biggest ever one day loss.

The Dow Jones index fell almost 7%, losing 777.68 points and is now standing at 10365.45, as investors became frenetic and rushed to sell their positions.

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