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Stocks plunge in U.S., Dow sinks 318 points

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Concerns about weak growth in China, a critical market for Western trade, melded with currency drops in countries such as India and Turkey, prompting investors to flee from stocks, which are viewed as riskier than bonds or gold. The S&P 500, a broad measure of the American market, lost 2% to 1792 Friday, and the Nasdaq Composite slid 2.1% to 4131. On both the Nasdaq and the New York Stock Exchange, 86% of all stocks declined.

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