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After S&P downgraded US Treasuries on Friday, equity markets took a big hit on Monday. Dow dropped 634.76 (5.55%) to close at 10,809.85. Nasdaq dropped 174.72 (6.90%) to close at 2,357.69. Even with Treasury downgraded, yield went down. Relatively speaking, guess they are still considered the safest investment around.

Dow skids 600, worst day since credit crisis
Stocks Suffer Sharpest Drop Since 2008

Posted: 2011-08-09 10:25:26

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