| ---------------------------------------- Economy/Business News Alert: Stocks plummet in first day of trading after historic downgrade of U.S. credit rating August 8, 2011 4:04:50 PM ---------------------------------------- Stock markets had their worst day since the throes of the financial crisis of 2008 on the first day of trading after the historic downgrade of the U.S.'s credit rating. The Dow Jones industrial average plunged more than 5.5 percent, or about 630 points, while the S&P 500, a broader measure of stocks, fell about 6.6 percent. Investors fled into safe investments like gold, which soared to a record high price of over $1,700 per ounce. http://link.email.washingtonpost.com/r/5O5UA2/TP612G/SGM7FT/MZBPOQ/HA8TQ/JY/h For more information, visit PostBusiness.com ---------------------------------------- Get a unique daily review and analysis of the debt, deficit and economy debate. Sign up for Behind the Government Showdown: http://www.washingtonpost.com/ac2/wp-dyn?node=admin/email/express&action=subscribe&newsletter_code=GVTSHTDN ---------------------------------------- Get breaking news alerts sent to your mobile phone. Sign up by texting NEWS to 98999. To unsubscribe, click here ---------------------------------------- ©2011 The Washington Post Company Washington Post Digital E-mail Customer Care 1150 15th Street NW Washington, DC 20071 |
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