Dow drops nearly 400 points after Moody’s cuts credit ratings on banks
Stocks are slumping Tuesday as more caution creeps into financial markets worldwide. The S&P 500 was 1% lower in early trading, following up on losses for stocks across Europe and much of Asia. The Dow Jones Industrial Average was down 370 points, or 1%, at 35,102, as of 9:50 a.m. Eastern time,…
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