Dow Falls 104 on Dubai Fears
Global financial worries trump FedEx's optimistic outlook
By Nick McMaster,  Newser Staff
Posted Dec 8, 2009 3:10 PM CST
In this Jan. 30 file photo, a trader leans on a phone post on the floor of the New York Stock Exchange.   (AP Photo/Richard Drew, file)
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(Newser) – Stocks fell hard today after prominent credit-rating agencies downgraded the sovereign debt of Dubai and Greece, stoking fears of national defaults, the Wall Street Journal reports.

  • The Dow fell 104 points to close at 10,286.
  • The Nasdaq lost 17 points to settle at 2,173.
  • The S&P 500 dropped 11 points, closing at 1,092.