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Dow plunges over 800 points amid big dip in technology stocks

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Dow plunges over 800 points amid big dip in technology stocks

(CNN) — Stocks are in the midst of a scary October slump, sliding sharply again on Wednesday because investors are worried about rising interest rates. The Dow fell 700 points and dipped below 26,000 for the first time in a month. All 30 Dow stocks were in the red. The Dow was on track to have its sixth-worst point drop ever. The Dow fell by more than 1,000 points twice this year — their biggest ever — because of inflation fears. The S&P 500 posted its fifth straight decline. And tech stocks were getting hit particularly hard. The Nasdaq dropped 3.5%. October has often been a nerve-racking month for investors, and this month is living up to that reputation. All three indexes are in the red this