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(AP) - Wall Street is plunging again, with the Dow
Jones industrials down more than 500 points as investors agonize
over the faltering economy. 

Stocks are down on a combination of
disheartening economic data, including a big drop in retail sales
and a Federal Reserve report that says tight credit conditions are
hurting businesses across the country.


      The Fed's Beige Book, which details conditions around the
nation, found that the economy continued to slow in the early fall
as financial and credit problems took a turn for the worse.


      The report confirms the market's belief that difficulties in
obtaining loans has choked growth in wide swaths of the economy.


      The Dow is down about 550 at the 8,760 level.
      

Gallery

Fed: Economy sinks deeper into rut

Paulson defends government intervention

Government moves to unclog credit lines

Stock market rebounds in a big way

Business and Economic News

Angst over the economy is sending stocks
plunging once again, after a disappointing report on retail sales was released today.

Stocks dropping again

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