Volatile Dow Jones Ends Under 12,000

Excerpt: The Dow Jones Industrial Average closed sharply down 128.11 points yesterday, closing at 11,971.19, the first time the market has closed under 12,000 since Nov. 3, 2006. In an emergency move before the New York Stock Exchange opened, the Federal Reserve acted to prevent a market meltdown by lowering its target rate for federal funds by 0.75 percentage points.

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