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Shock Congress 'Nay' vote sparks market chaos (Updated)

Shock Congress 'Nay' vote sparks market chaos (Updated)

The House of Representatives of the US Congress has voted 228 to 205 against the US$700 billion bailout plan, shocking financial markets. The Dow closed down 777 points or 7% at 10,365, it's biggest ever points decline.The broader S&P 500 closed down 8.8%. US Treasury bond yields fell sharply in a flight to quality. The oil price fell 8%. (Updated with final Congress vote and market closes)    

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