The Dow Jones industrial average plunged more than 1,000 points on Thursday as a weeklong market swoon continued, the AP
reports. Worries about inflation set the market rout in motion last Friday, and many market watchers have been predicting a pullback after the market's relentless march higher over the past year. The Dow dropped 1,032 points, or 4.1%, to 23,860. The S&P 500 gave up 100 points, or 3.8%, to 2,581. The Nasdaq lost 274 points, or 3.9%, to 6,777. Read on for more on what's behind the drop and how to think about it.