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Wall Street Slides on Yen Intervention, EU Anxiety

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A move by Japan to weaken its currency that sent the dollar spiking against many currencies, combined with lingering concerns over Europe's ability to execute a plan to tackle its sovereign debt crisis, sent stocks sharply lower in early trading on Monday.

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As of 9:32 a.m. ET, the Dow Jones Industrial Average slid 108 points, or 0.9%, to 12,123, the S&P 500 slumped 12.8 points, or 12.8%, to 1,272 and the Nasdaq Composite fell 29.8 points, or 1.1%, to 2,707.

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