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Stocks tumble. It's their worst day in 3 months

Stocks tumble. It's their worst day in 3 months

U.S. stocks plunged Thursday as losses for Cisco Systems hurt technology companies while Wal-Mart declined after its latest quarterly report. Banks dropped as bond yields and interest rates sank for a second day.

It was the second-worst day for stocks this year, which has seen few large declines. Along with tech companies and retailers, transportation companies skidded, and all the industrial, financial and basic materials companies in the Standard & Poor's 500 index fell. Those sectors tend to struggle when investors are concerned about economic growth, although there weren't any specific signs of economic trouble Thursday.

The S&P 500 dropped 38.10 points, or 1.5%,...

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