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Markets Off to Brutal Start

Dow falls more than 500, putting 2018 gains at risk
By Newser Editors and Wire Services
Posted Nov 20, 2018 9:40 AM CST
A trader, left, works on the floor of the New York Stock Exchange in this file photo.   (AP Photo/Richard Drew, File)

(Newser) – Stocks are skidding again on Wall Street as a tech rout continues and several big retailers report weak results, per the AP. Apple sank another 3.6% in early trading Tuesday and Microsoft gave up 3.3%. Target, meanwhile, plunged 9.5% after missing Wall Street's earnings estimates. In the first hour of trading, the Dow fell more than 500 points, though it rebounded slightly. The numbers at 10:30am: The Dow was down 485, or 1.9%; the S&P 500 was down 43, or 1.6%; and the Nasdaq was down 128, or 1.81%. The Wall Street Journal notes that all of the gains made in 2018 are now on the brink of vanishing.

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