Stock Market Celebrates Debt Deal by Collapsing 10.81K Jim Newell 08/02/11 03:43PM Filed to: the economy the economy Oops Debt ceiling Finance Stocks Stock Market Dow Jones Appic Tweetg Now that the debt ceiling's been raised and all uncertainty removed from the markets, the Dow Jones will respond by... dropping 265 points on the day. The reason is that the economy is terrible.