Wall Street followed the rest of the world's markets in a global freefall today on Aug. 8, with the Dow Jones Industrial Average plunging by over 600 points. It was the worst day for U.S. markets since Dec. 1, 2008. The slide was taken as a sign of the lack of investor confidence following Standard & Poor's unprecedented downgrade of U.S. long-term debt on Friday, Aug. 5.
The German DAX index board in Frankfurt shows the day's performance of the Frankfurt Stock Exchange on Aug. 8, the first day of trading following the U.S. debt downgrade on Friday, Aug. 5.
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