Stocks Drop Sharply Wednesday
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Stocks Drop Sharply Wednesday
Investors suffered through another roller coaster ride Wednesday on Wall Street.
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(October 22, 2008)—Investors suffered through another stomach-churning roller coaster ride Wednesday on Wall Street as stocks took a sharp drop late in the day after declines in global markets.

The Dow ended with a loss of 514 points or 5.7 percent to 8,519.

The S&P fell 58 points to 897.

The Nasdaq composite lost about 81 points to 1,615.

Declining issues outnumbered advancers by a 5 to 1 margin

Volume on the NYSE came to 5.9 billion shares.

Nasdaq stock market volume was 2.5 billion shares.

As the dollar strengthened, light, sweet crude for December delivery fell $5.43 to settle at $66.75 on the New York Mercantile Exchange.
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