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

KHOU 11 Houston
Dow drops 800 points, led by tech shares, as stock market investors fear higher rates

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 developments are telling us that the investment environment has become riskier," says Ed Yardeni, chief investment strategist at Yardeni Research. The Dow Jones industrial average plunged nearly 832 points, or 3.2 percent, to 25,599. The