Stocks dive on belief global recession is at hand - East Valley Tribune: Business

Stocks dive on belief global recession is at hand

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Posted: Friday, October 24, 2008 7:37 am | Updated: 11:29 pm, Fri Oct 7, 2011.

NEW YORK - Wall Street capped another difficult week with steep losses Friday, sending the major indexes to their lowest levels in more than five years as markets around the world skidded lower on the belief that a punishing economic recession is at hand.

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