Global sell-off panic hits US

U.S. stocks plummeted this morning, for the eighth day in a row of ugly losses.

At 9:38 a.m. ET, the Dow Jones Industrial Average plunged 673 points to 7,905 after plunging 679 points on Thursday. The Nasdaq Composite Index tanked 75 points to 1,570, and the Standard & Poor’s 500 Index was down 45 points to 865.

The bloodbath came exactly one year to the day from the record closing highs for both the Dow and the S&P 500. The Dow is down 5,585 points, or 39%, from its all-time closing high of 14,198 and the S&P down 655 points, or 42%, from its peak of 1,565.

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