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Dow loses 251, it second-biggest drop of the year

Stock Market

Investors yanked money out of stocks Thursday after new reports from the U.S. and China pointed to a sharp slowdown in manufacturing. The Dow Jones industrial plunged 251 points, the second-biggest drop this year. Losses in energy and materials companies led a widespread rout on the stock market. The Dow started sinking after 10 a.m., when the Philadelphia branch of the Federal Reserve reported a sharp contraction in manufacturing in the Northeast. The losses accelerated throughout the day.

 

Oil Prices Tumble

Crude-oil futures continued Friday's slide on growing fears that the U.S. is heading back into recession.

 

Middle East unrest, rising oil prices slam stocks

Stocks fell sharply and oil prices spiked to their highest level in two years on Tuesday as investors worried about the increasingly violent unrest in Libya.

 

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