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Asia Day Ahead: U.S. Stocks Plunge as Recession Deepens

Published December 1, 2008, 3:46 pm, Bloomberg

Dec. 2 (Bloomberg) -- U.S. stocks fell the most in six weeks after a report showed the nation’s manufacturing contracted at the fastest pace in 26 years in November. Federal Reserve Chairman Ben S. Bernanke said the country’s economy will remain weak for a time.

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