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US stocks tumble 2% in broad sell-off

AFP

Traders work on the floor of the New York Stock Exchange on July 25, 2014Traders work on the floor of the New York Stock Exchange on July 25, 2014

Traders work on the floor of the New York Stock Exchange on July 25, 2014Traders work on the floor of the New York Stock Exchange on July 25, 2014

US stocks Thursday plummeted about two percent in a broad sell-off attributed to a range of factors, including weak eurozone data, the Argentine debt default and disappointing US corporate earnings.

The Dow Jones Industrial Average tumbled 316.99 points (1.88 percent) to 16,563.37.

The broad-based S&P 500 sank 39.40 (2.00 percent) to 1,930.67, while the tech-rich Nasdaq Composite Index fell 93.13 (2.09 percent) to 4,369.77.

Date created : 2014-07-31