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Dow tanks more than 300 points amid Fed, foreign concerns
Dow tanks more than 300 points amid Fed, foreign concerns

Stocks dropped steeply Thursday, exacerbating a two-day slump that analysts attributed to concerns about instability abroad, worries about Friday’s employment data and fears that the Federal Reserve may raise rock-bottom interest rates sooner than expected. The Dow Jones industrial average tanked 317.06 points. The Standard & Poor’s 500 slumped 39 points, and the Nasdaq composite index swung down 93 points. The blue-chip Dow closed in the red for July – its first monthly decline since January. Strife in other countries – tensions between Russia and Ukraine, fighting in Gaza and ISIS militants’ advances in Iraq – contributed to a sell-off. ...

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