Why The Dow Plunged 500-Plus Points
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Global stocks sold off Friday, with the Dow Jones Industrial Average plummeting more than 500 points — its ninth-biggest point drop ever — to lose 1,000 points for the week. U.S. stocks closed sharply lower following volatile trading in Asia and Europe after China revealed new evidence of a sharper-than-expected economic slowdown. The sharp losses sent…
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D.B. Hirsch is a political activist, news junkie, and retired ad copy writer and spin doctor. He lives in Brooklyn, New York.