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Dow Jones Drops More Than 800 Points as Tech Companies’ Stocks Plunge

HeadlineOct 11, 2018

In financial news, the Dow Jones Industrial Average plunged by more than 800 points Wednesday, as stocks of tech companies Facebook, Netflix and Twitter all tumbled sharply. Economists say the market drop was sparked by the Fed’s decision to raise interest rates, after having propped up the economy for years following the 2008 economic crisis by holding interest rates at near-zero levels.

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