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Shares hit by Queens crash

Markets fell sharply on the news of an American Airlines jumbo crashing in Queens, New York earlier today, although some losses have since recovered.

The FTSE 100 was down 1.4 per cent and the Dow Jones Industrial Average was down 1.3 per cent at 4pm GMT.

Airline shares have been hit badly, with American Airlines and Continental Airlines both down 14 per cent at 4pm GMT.

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