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Dow Drops After Record-Setting Day Save Email Print

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(October 14, 2008)—Key averages ended lower Tuesday after a record-setting day Monday on Wall Street.

Stocks opened solidly higher Tuesday, but the gains weren’t sustained.

Technology stocks led the weakness.

Earlier Tuesday, President Bush announced a $250 billion plan to buy shares in the nation's leading banks.

A day after the biggest point gain in history, the Dow fell nearly 77 points to 9,310 Tuesday.

The S&P dropped 5 points to 998.

The Nasdaq fell 65 points to 1,779.

Advancing issues topped decliners by a slim margin on the NYSE.

Volume on the NYSE came to 7.9 billion shares. Nasdaq stock market volume was 2.9 billion shares.


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