The Dow Jones Industrial Average dropped more than 700 points in Thursdau afternoon trade as losses accelerated with less than a half-hour left of trade, pushing the blue-chip gauge beneath a psychologically significant level at 24,000. The Dow was recently off around 720 points at its nadir, or 2.9%, at 23,939. The S&P 500 index was off 2.5% at 2,644, while the Nasdaq Composite Index shed 168 points, or 2.3%, at 7,175.
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