Wednesday was a shock to the stock market, with most market commentators pointing to Fitch Ratings' downgrade of U.S. government debt as the catalyst for a broad move lower for stocks. Declines of 1% to 2% for the Dow Jones Industrial Average (DJINDICES: ^DJI), Nasdaq Composite (NASDAQINDEX: ^IXIC), and S 500 (SNPINDEX: ^GSPC) showed how widespread the pressure was on markets.

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Source Fool.com