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Dow Plummets More Than 700 Points

NPR
Published October 15, 2008 at 4:25 PM EDT

The Dow Jones industrial average have fallen by more than 700 points. Carey Leahey, senior economist with Decision Economics, blames the "dismal" retail sales report and the lingering effects of stagflation for the numbers. One ray of hope: the London Interbank Offered Rate has come down slightly.

Copyright 2008 NPR