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Fear Of Recession Drives Steep Stock Market Drop
News from New York reports fears of a deep recession fueled by the energy crisis as the Dow Jones Industrial Average sinks to 788.31, its lowest since November 27, 1971, with a 198.75 point fall in six weeks and about 145 billion dollars in NYSE securities lost. Analysts warn that energy worries keep markets volatile, noting historic declines in prior crises and urging caution.
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New York
Dow
Ralph Acampora
Harris, Upham & Co