NEW YORK (AP) The stock market has had a huge selloff as more
investors woke up to the possibility that economic problems such as
Europe's debt crisis might spread around the world. The Dow Jones
industrial average is down 376 points, or 3.6%, at 10.068, its biggest
one-day drop since February 2009.
With Thursday's drop, the Standard & Poor's 500 is down almost 12%
from its 2010 high close of 1,217.28, reached April 23. The means the
stock market has officially had a correction, a pullback of 10% or
more from a recent high. It's the first correction since stocks
recovered from the 12-year lows they hit in March 2009.
The S&P 500 is down 43, or 3.9%, at 1,071. The Nasdaq composite index
is down 94, or 4.1%, at 2,204.
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