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Updated from 4:11 p.m. EST
Stocks in New York closed deep in negative territory Wednesday following dour economic comments from the Federal Reserve chief, further data pointing to a U.S. slowdown and more bad news from the financial industry.
The Dow Jones Industrial Average plunged 306.95 points, or 2.46%, to 12,159.21, its lowest close since March 16 of last year. Each of the Dow's 30 components finished with losses, led by 6% declines in Alcoa (AA Quote), Merck (MRK Quote), and AIG (AIG Quote).
The S&P 500 sank 39.95 points, or 2.91%, at 1333.25, and the Nasdaq Composite tumbled 47.69 points, or 1.99%, to 2346.90. ...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,388.90 | 1,105.98 | 2,194.35 | 34.83 |
Oil *
77.74
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UP
22.75
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UP
6.06
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UP
21.21
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UP
1.03
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10 Yr
3.48%
SPDR Gold
113.75
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+0.22%
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+0.55%
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+0.98%
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+3.05%
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