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Dow falls 678 points, closes below 9,000.

By Faiz Shakir on October 9, 2008 at 4:17 pm

"Dow falls 678 points, closes below 9,000."

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The Dow Jones Industrial Average lost 678 points today, closing at 8,579 – the lowest level in five years. “A steep decline in General Motors helped to fuel the decline.” The fall comes a day after the Fed lowered key interest rates to help stimulate the economy. The lowest Dow close since 9/11 was 8,235.81 on 9/21.

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