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Stocks Crash But Treasuries Soar After U.S. Downgrade
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Stocks Crash But Treasuries Soar After U.S. Downgrade
In the wake of Standard & Poor's historic downgrade of America's credit rating, the Dow Jones Industrial Average plunged 635 points today as investors (paradoxically) fled to U.S. treasury bonds, which soared to their highest values since January 2009.
8/8/11 4:35pm ET - The New York Times
 
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