Wall Street Plunges on Economic Fears; Dow Sinks More Than 500 Points; S&P, Nasdaq Down 4%; VIX Soars 30%- Reuters Wall Street plunged on the worst one-day drop since December 2008. Stock investors face a number of worries. Congress and the administration must resume their debates over spending cuts to avoid a possible credit downgrade. Evidence of economic weakness has recently increased, raising fear of a return to a recession. A spreading debt crisis in Europe has also threatened to hit the global economy.... » read more
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