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NEW YORK The U.S. stock market suffered one of the worst days in its history Monday — and judging from what fell hardest, you’d think the teetering economy is the fault of entertainment companies instead of shenanigans at financial institutions.
The Dow had its biggest one-day point drop ever, but The Hollywood Reporter Showbiz 50 fared even worse. The S&P 500 suffered through its worst day in 21 years and the Nasdaq its worst in eight years.
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