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NEW YORK, Dec 18 - U.S. stocks fell for the second day on Thursday after Standard & Poor's threatened to strip General Electric of its 'AAA' credit rating and slumping oil prices crippled energy shares.
General Electric shares tumbled 8.2 percent and ranked among the top drags on the Dow after S&P said there is at least a 1-in-3 chance that it will cut the company's credit rating from the top "AAA" tier in the next two years.
Chevron Corp and Exxon Mobil were the biggest drags on the Dow as oil fell another US$4 to settle near US$36 a barrel on growing fears of falling demand.
The Dow Jones industrial average tumbled 219.27 points, or 2.48 percent, to end unofficially at 8,605.07. The Standard & Poor's 500 Index dropped 19.09 points, or 2.11 percent, to finish unofficially at 885.33. The Nasdaq Composite Index slipped 26.94 points, or 1.71 percent, to close unofficially at 1,552.37.
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