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article imageDow Drops Even Lower After The Feds Start Stepping In

By KJ Mullins     Oct 8, 2008 in Business
The Dow has slide even further down as the federal government and the world's central banks cut rates. After the Feds cut the half point there was a slight surge in trade.
Wall Street is being hammered by the economical crisis that is hitting the world. The Dow Jones Industrials fell almost 200 more points by the close of trading Wednesday. The loss today wasn't as hard as Monday or Tuesday's falls but it keeps the Dow under 10,000. At the end of trading Wednesday the Dow is at 9,256.
The falling stocks were hoped to make a turn-around when the government cut the half-point.
Investors are pleased with the cut but it may not be enough to to banks back to their old lending pace.
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