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Last updateWed, 02 Jan 2019 3pm

World News

Dow Jones stock index hit by record falls

The White House is "concerned" about the fall on US stock markets after the Dow Jones Industrial Average dropped by 1,175 points. The leading US stock market index closed down 4.6 percent at 24,345.75. The White House said that they are always concerned when the market loses any value but we are also confident in the economy's fundamentals. The fall surpasses a previous record 777.68 points drop on the Dow Jones during the financial crisis in 2008.That came after Congress rebuffed a 700 billion dollars bank bailout plan following the collapse of investment bank Lehman Brothers.