13 August, 2011

CNN Breaking News

Wall Street went into the weekend on a relatively calm note Friday after four days of wild turbulence driven by the first-ever downgrade of the United States and escalating concerns about debt in Europe.

The Dow closed 126 points, or about 1%, higher for the day. It was the second straight day the Dow was in the black – a remarkable finish after plunges of 625 points on Monday and 520 points on Wednesday.

For the week, the Dow finished lower by 175 points, or 1.5%.

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