Dow Drops More Than 300 Points As Fitch Warns Big Banks Could Be Downgraded

Dow Drops More Than 300 Points As Fitch Warns Big Banks Could Be Downgraded

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Stocks fell Tuesday as investors once again sold on warnings about banks’ health and concerns about China’s economic recovery. The Dow Jones Industrial Average dropped 361 points, or 1%, while the S&P 500 and tech-heavy Nasdaq lost 1.2% and 1.1%, respectively. Earlier Tuesday, Fitch’s top bank…

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