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Dow closes down nearly 400 points as tech losses batter stock market

Mark DeCambre
Dow closes down nearly 400 points as tech losses batter stock market

The main equity benchmarks saw losses accelerate in morning trade after a report showed home-builders’ confidence plummeted in November. U.S. financial markets will be closed Thursday for the Thanksgiving Day holiday. The tech-heavy Nasdaq Composite Index (COMP)  led the markets lower, closing down 219.4 points, or 3%, to 7,028.48.