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U.S. stocks plummet; Dow sinks below correction threshold

U.S. stocks plummet; Dow sinks below correction threshold

U.S. stocks plunged lower Tuesday, following the rest of the world's markets down, as investors reacted to fresh news of China's economic slowdown. The blue-chip Dow Jones industrial average dropped nearly 3%, falling 469.68 points, to 16,058.35, while the broad-based Standard & Poor's 500 index fell 58.33, also about 3%, to 1,913.85. The sell-off of U.S. shares, which appeared to be finding at least a temporary bottom in the morning before slipping further, followed similarly deep slides in European markets. Germany's DAX and France's CAC 40 both dropped nearly 2.5%, and Britain's FTSE fell just over 3%. In Asia, China's Shenzhen market was...

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