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Dow drops 800 points, led by tech shares, as stock market investors fear higher rates

Memphis Commercial Appeal
Dow drops 800 points, led by tech shares, as stock market investors fear higher rates

The Dow plunged more than 800 points Wednesday, its worst drop in eight months. Rising bond yields have been drawing investors out of the stock market. The best-performing stocks over the past year took some of the biggest losses. (Oct. 10) The Wall Street bull got bloodied and battered Wednesday as the stock market suffered its biggest sell-off since February. Investors bailed out of the market as fears about the economic fallout caused by rising interest rates and the U.S. trade conflict with China spooked them.   Technology stocks, which had been leading the market higher for most of 2018 and had gotten pricey, were the hardest hit. The tech-dominated Nasdaq composite fell 4.1 percent.  "These