US stocks drop sharply; will you blame Obama?

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U.S. stocks were down sharply in late-afternoon trading Friday, pulling the Dow Jones industrial average down more than 300 points and placing the market on course for its biggest loss since June. Telecom, utilities and materials companies led the broad slide. Energy stocks slumped as crude oil prices fell.

The Dow Jones industrial average fell 302 points, or 1.6 percent, to 18,177 as of 3:35 p.m. Eastern time. The Standard & Poor's 500 index slid 42 points, or 2 percent, to 2,138. The NASDAQ composite index lost 106 points, or 2 percent, to 5,152. The index had notched record-high closes on Tuesday and Wednesday.



http://www.usnews.com/news/business/articles/2016-09-09/us-stock-indexes-slide-in-morning-trading-oil-falls
 
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