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Stocks plunge on Europe's debt woes

NEW YORK — Investors are once again worried that debt problems in Greece and Portugal could threaten the global economic recovery. Stocks plunged in the U.S. and Europe Tuesday after Standard & Poor's downgraded the debt of the two European countries. The Dow Jones industrial average fell 213 points, its worst loss in almost three months. All the major market indexes were down about 2 percent. The ratings downgrades also sent the dollar up more than 1.1 percent against the euro, hitting its highest level in about a year. At the same time, gold and Treasury prices also rose as ...


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