Wall Street plunges after U.S. downgrade

The U.S. stocks tumbled on Monday as S&P 500 and Nasdaq Index both dropped more than 6 percent and Dow lost more than 600 points after a historic downgrade of U.S. credit rating by Standard & Poor’s. Traders work on the floor of the New York Stock Exchange August 8, 2011. (Xinhua/Reuters) Late on [...]
