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Dow sinks 800 points and stocks enter bear market on worries of drastic rate hikes

The Dow (INDU) sank 825 points, or 2.7%, and the Nasdaq fell 4.3%. The broader S&P 500 fell 3.6%. That index is now more than 20% below its all-time high set in January, putting stocks in bear-market territory. Inflation and recession fears had eased somewhat at the end of May, and stocks regained some ground. …

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