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US Markets' Downturn Accelerates on Friday

U.S. equities traded at the lowest level since June 27 (after the Brexit vote), with the Dow Jones industrial average down nearly 400 points. As a result, the three major averages ended the week lower, even though the NASDAQ broke record highs on Wednesday. In fact, the Dow was on track for its worst week since January. The weakness can be attributed to concerns following a nuclear test by North Korea, plunging crude oil prices and comments by Federal Reserve officials that hinted at a...

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