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The Dow plunges 2% — wiping out more than 1,300 points since Tuesday

markets.businessinsider.com
The Dow plunges 2% — wiping out more than 1,300 points since Tuesday

Wall Street continued to slide Thursday after initially finding some relief in tamer-than-expected inflation data, a day after worries about rising rates and trade tensions sparked a sharp sell-off in global markets. After suffering its steepest drop since February in the previous session, the Dow Jones industrial average closed down more than 2% and has shed more than 1,300 points since Tuesday. The S&P 500 shed 1.7% to below its 200-day moving average, extending its longest losing streak since the 2016 election. The Nasdaq Composite was down 1.25%, briefly dipping into correction territory on the heels of its worst session since the Brexit referendum. An anxiously awaited inflation reading