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Dow falls nearly 2% as world markets sink again

Dow falls nearly 2% as world markets sink again

U.S. stocks opened sharply lower Tuesday, following the rest of the world's markets down as investors reacted to fresh news of China's economic slowdown. The blue-chip Dow Jones industrial average dropped nearly 2%, falling 332.32 points, to 16,195.71 in early trading, while the broad-based Standard & Poor's 500 index fell 37.56, also about 2%, to 1,934.62. The early-morning selloff of U.S. shares, which appeared to be finding at least a temporary bottom as the morning progressed, followed even deeper slides in European markets, where Germany's DAX and France's CAC 40 both dropped more than 2.5%, as well as in Asia, where China's Shenzhen market was off more...

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