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Monday, August 8, 2011

Futures market tumbles after S&P downgrade of US

Futures market for US stock fell on Monday after the US credit rating was reduced from AAA to AA+ on Friday. For the Dow, the futures market fell 200 points, S&P 500 futures fell 24 points, and Nasdaq futures fell 44 points.
A pedestrian walks past the New York Stock Exchange on Monday, Aug. 8, 2011 in New York. The futures market fell Monday morning, following Standard & Poor's downgrade of US long-term debt late Friday. (AP)

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