September 17, 2001

Stocks fall as trading resumes on Wall Street

Author: JT Smith

An Associated Press report (at Salon.com) of the first day of normal trading after last Tuesday's attacks observes that jittery investors have sent the market into a sharp decline. Not entirely unexpected, the Fed hoped to shore up the economy and market confidence by slashing interest rates by a half-point for an eighth time this year. As of 12:15PM EDT, the Dow is down 471.56, and the Nasdaq has dropped by 79.22.

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