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BREAKING! U.S. stocks sharply lower as NYSE invokes 'Rule 48' for Tuesday's open

 
TheBaker
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09/06/2011 09:50 AM
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BREAKING! U.S. stocks sharply lower as NYSE invokes 'Rule 48' for Tuesday's open
NEW YORK (MarketWatch) - U.S. stocks fell sharply Tuesday as worries about European debt and the U.S. economy intensified. The Dow Jones Industrial Average DJIA -2.41% fell 275.26 points to 10,965.00. The Standard & Poor's 500 Index SPX -2.46% shed 29.60 points to 1,144.37. The Nasdaq Composite Index COMP -2.13% declined 56.61 points to 2,423.72. Following a sharp drop in stock-index futures ahead of Wall Street's start, the New York Stock Exchange and NYSE Amex Cash Markets invoked Rule 48 for the open, lifting a requirement calling for price indications that help determine the floor price at the start to smooth trade.

[link to www.marketwatch.com]





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