The Dow Jones Industrial Average drops below 48,000 points

The Dow Jones Industrial Average fell below 48,000 points, with the latest reading at 47,999.71 points, down 1.52% for the day. The S&P 500 was down 0.76%, and the Nasdaq was down 0.45%. The Nasdaq China Golden Dragon Index widened its decline, now down 2.0%, with the latest reading at 6,871.56 points.

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