Dow Plunges -265 Points

Wall Street is about as impressed with the debt bill disaster as everyone else.

Stocks sold off sharply to end at session lows Tuesday with the Dow down for an eighth straight day amid worries over an economic growth slowdown even after Obama signed a bill to avoid a debt default.

The Dow Jones Industrial Average plunged 265.87 points, or 2.19 percent, to end below the psychologically-important 12,000 mark at 11,866.62. The last time the blue-chip index declined for eight-consecutive days was in October 2008.

All 30 Dow stocks ended lower, with Pfizer [PFE  18.14    -0.87  (-4.58%)   ]and GE [GE  17.21    -0.76  (-4.23%)   ]leading the biggest laggards.

The S&P 500 plummeted 32.89 points, or 2.56 percent, to close at 1,254.05, slipping into negative territory for the year. 

The tech-heavy Nasdaq tumbled 75.37 points, or 2.75 percent, to finish at 2,669.24. The S&P 500 and Nasdaq are both below their 200-day moving averages.

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