Selloff Picks up Steam; Dow Plummets 300 Points

Reuters

FOX Business: The Power to Prosper

Standard & Poor’s downgrade of Fannie Mae and Freddie, which came on the heels of a cut of American debt, slammed already weak sentiment on Wall Street, sending the markets tumbling further.

Today's Markets

As of 11:40 a.m. ET, the Dow Jones Industrial Average slid 317 points, or 2.7%, to 11,129, the S&P 500 tumbled 38.9 points, or 3.3%, to 1,160 and the Nasdaq Composite dipped 89.6 points, or 3.4%, to

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