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Archive Home > 2008 > October > 08 > A plunge unabated

A plunge unabated

Fed’s talk of new efforts and further rate cuts fails to inspire confidence in a rattled market

By Edmund L. Andrews and Michael M. Grynbaum / The Bulletin
October 8, 2008

WASHINGTON — The promise of lower interest rates and new federal efforts to stem the financial crisis failed to dispel the fear gripping Wall Street on Tuesday.

Stocks sank within minutes of the session’s opening and the selling intensified during the afternoon, even after....

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