World stocks plummet on banking, retailing fears (AP)

Specialist Damen Watson, second from right, is surrounded by traders at the post that handles MasterCard on the floor of the New York Stock Exchange at the close of trading Wednesday, Jan. 14, 2009. (AP Photo/Richard Drew)AP - European and U.S. stock markets plummeted Wednesday in reaction to dismal U.S. retail sales data and renewed concerns over the financial well-being of the banking system.


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