Dow Is Diving Yet Again Market was down nearly 400 in the early hours of trading By Newser Editors and Wire Services Posted Feb 11, 2016 10:41 AM CST 35 comments Comments Stock traders work at the New York Stock Exchange Thursday. (AP Photo/Mark Lennihan) (Newser) – It's looking like another brutal day on Wall Street. US stocks moved sharply lower early Thursday following steep market declines all around the world, reports the AP. The Dow was down nearly 400 points about 11:30am Eastern, or 2.3%, while Nasdaq and the S&P 500 were off 1.5% and 1.9%, respectively, per MarketWatch. Investors are keeping a close eye on Janet Yellen's second day of testimony to Congress as part of her semiannual report. On Wednesday, the Fed chief cautioned that global weakness and falling financial markets could depress the US economy's growth.