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Dow plunges 1,400 points in market upheaval

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06/11/2020 | 01:01pm EDT

By mid-day, The Dow was down 5 percent. The benchmark S&P 500 was down more than 4 percent. The tech-heavy Nasdaq lost more than 3 percent.

Thursday's steep market reversal came on the same week the Nasdaq hit numerous record highs.

The selling was likely exacerbated by investors who fear the market had rallied too far ahead of what's actually occurring in the economy.

Stocks mentioned in the article
ChangeLast1st jan.
DJ INDUSTRIAL -0.08% 26845.16 Delayed Quote.-5.85%
NASDAQ 100 -1.26% 10559.337636 Delayed Quote.22.40%
NASDAQ COMP. -1.13% 10422.225345 Delayed Quote.17.59%
S&P 500 -0.45% 3211.1 Delayed Quote.-1.03%
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