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Dow drops 400 points as Wall Street starts second quarter on a sour note
The Dow Jones Industrial Average fell for a second day‚ continuing Wall Street’s lackluster start to the quarter‚ as bond yields increased and traders lowered expectations that the Federal Reserve would cut interest rates in June.
The 30-stock Dow dropped 420 points‚ or 1.1%. At its session low‚ the benchmark was down more than 500 points. The S&;P 500 slid 0.9%‚ and the Nasdaq Composite shed 1.2%.
The second quarter for stocks is off to a rough start as...
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