Stocks plunge on weak economic news, oil-price swings

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Weak economic news from China, the U.S. and Spain combined with a slump in oil companies sent stocks sharply lower. The Dow Jones industrial average had its biggest one-day drop since August.

Investors were jarred Thursday when China reported a surprise trade deficit. China’s exports fell in February as businesses closed for the weeklong Lunar New Year holiday, but imports of higher-priced oil and other goods jumped.

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Posted by Jasmin on Friday, March 11th, 2011. Filed under Jewish News. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.

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