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easymoney101

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Re: easymoney101 post# 40056

Wednesday, 05/17/2006 7:46:31 PM

Wednesday, May 17, 2006 7:46:31 PM

Post# of 488296
Dow Plummets 214, Nasdaq Declines 33 By CHRISTOPHER WANG, AP Business Writer
4 minutes ago



NEW YORK - Wall Street skidded lower Wednesday after an upswing in consumer prices intensified investors' fears that the Federal Reserve will extend its nearly two-year string of interest rate increases. The Dow Jones industrial average suffered its biggest one-day loss in three years, and the Nasdaq composite index turned negative for 2006.


"All truth passes through three states," wrote Arthur Schopenhauer. "First it is ridiculed. Second, it is violently opposed. Third, it is accepted as being self-evident."
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