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NEW YORK CITY-Stock markets around the world plunged yesterday as the National Bureau of Economic Research said the economy has been suffering a recession since December of last year. The Dow took an especially tough hit, losing 679.95 points to close at 8149.09, according to this AP article on the Washington Post.

REIT stocks were not immune to the dive. Simon Property Group opened at nearly $46 per share and plunged to a last trade of $38. ProLogis slipped from $3.90 to $2.57. SL Green Realty Corp. opened at $18.45, finishing the day at $15.33.

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