Dow drops more than 600/S&P 500 loses 7%

The Dow Jones Industrial Average (DJIA) and the other stock indexes continued the sell-off that began last week. Today, the DJIA plunged more than 600 points in the first trading session after Standard & Poor’s lowered the U.S’s long-term credit rating to AA+. The S&P 500 had a worse day in percentage terms dropping more than 7% and breaking below its 200-week moving average (see chart).

Dow plunges more than 600 in sell-off

Dow slides 5.5%, ending below 11000

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