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Stock Market Takes Biggest Drop This Year
The stock market posted its biggest drop of the year on Monday. A steep fall in commodity prices led to a widespread sell-off in the stock market, as worries about the global economy resurfaced. The Dow Jones industrial average dropped 265 points, its worst day this year. The first trigger came from China. News that the world's second-largest economy slowed unexpectedly pummeled oil, copper and other commodities. In the stock market, companies that produce oil and mine for metals fared the worst. A slowdown in China, a huge importer of basic materials like copper, would stymie profits at those companies. "The weak ... (full story)