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Stock Selloff: S&P Drops 2.8%, Nasdaq Down 4.8%

Sep.08 -- U.S. stocks sank for a third day, with selloff in technology shares picking up steam as investors fled the high flyers who fueled a historic five-month rally. Oil plunged, while Treasuries rose with the dollar. Brent Schutte of Northwestern Mutual appears on "Bloomberg Markets: The Close."