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Obama: Washington to investigate stock market drop
By: Bill O'ReillyMay 7, 2010
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STORY EXCERPT
AP: President Barack Obama said Friday that regulatory authorities are evaluating the "unusual market activity" on Wall Street this week in hopes of keeping such a sudden, violent drop from happening again. A computerized sell-off mixed with fears that the European debt crisis would spread sent the Dow Jones industrial average plummeting by almost 1,000 points within a half-hour Thursday afternoon. The market regained two-thirds of the loss before the end of trading.
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