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New York Stock Markets Take A Tumble - 22 Jan 2008
The Wall Street sign is seen in front of the New York Stock Exchange January 22, 2008. U.S. stocks fell on Tuesday as fears of a recession gripped investors and pushed the Nasdaq briefly into bear market territory. But by midmorning, major indexes had halved their losses, as investors snapped up beaten-down retailers, home builders and financial services companies after the Federal Reserve cut interest rates by 75 basis points in a surprise intermeeting decision. REUTERS/Chip East (UNITED STATES)