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Stocks plunge on worries about interest rate increase
Stocks plunge on worries about interest rate increase

Wall Street's long-running bull market got a jolt Thursday from investors increasingly worried that the improving economy will push policymakers to raise interest rates sooner than expected. Stocks have been tumbling this week, and Thursday's 317-point drop in the Dow Jones industrial average left July in the red and wiped out what was left of its gains for the year. The Dow's 1.9% decline Thursday to 16,563.30 was eclipsed by the broader Standard & Poor's 500 index, which fell 2% to 1,930.67, and the tech-oriented Nasdaq composite, which lost 2.1% to 4,369.77. Traders also feared that several years of low market volatility could be coming to a close and fretted...

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