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U.S. Stocks Slump On Day Of Wide Swings

Jay Woods, Thomas McArdle
Specialists Jay Woods, right, and Thomas McArdle work on the floor of the New York Stock Exchange, Thursday, Oct. 11, 2018. The market's recent decline was set off by a sharp drop in bond prices and a corresponding increase in yields last week and early this week.
Richard Drew/AP

Stocks are slumping for a second straight day as the market endures its most volatile stretch since February.

The Dow Jones industrials fell 545 points, or 2.1 percent, to 25,052.83 and the benchmark S&P 500 dropped 57 points, or 2.1 percent, to 2,728.37. Both indexes have fallen more than 5 percent the past two days.

This marks the sixth straight day of losses for the market, which has been rattled by rising interest rates, signs of a slowdown in the global economy and the U.S.-China trade dispute.

All of those factors could threaten the impressive profits Corporate America has been reporting this year.

All 11 sectors in the S&P 500 were lower, with banks and energy stocks the hardest hit.

The Nasdaq fell 92 points, or 1.3 percent, to 7,329.06. The Russell 2000 dropped 25 points, or 1.6 percent, to 1,550.25.

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