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Dow Drops 390 Points and Even Some Pessimists Are Surprised by the ‘Panic’

Ben Levisohn

11:41 a.m. The Dow Jones Industrial Average looks set on trying to erase yesterday’s reversal following a disappointing payrolls report and more comments on trade with China. The S&P 500 has fallen 1.4% to 2657.46, while the Dow Jones Industrial Average has dropped 390.05 points, or 1.6%, to 24,557.62. The Nasdaq Composite has slumped 1.8% to 7,056.86.