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Just when you thought there were no more records left to be broken, Wall Street shows investors that it still has tricks up its sleeve.
On Monday, investors witnessed something truly historic, and disheartening. Despite the Federal Reserve's best effort to calm already roiled markets with its largest emergency rate cut in history (100 basis points), the stock market logged its second-worst percentage decline of all-time, as well as the largest single-session point decline we've ever witnessed for the Dow Jones Industrial Average, Nasdaq Composite, and S&P 500.
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Source Fool.com
