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This could be the worst week for US stocks since 2008
The stock market is trying to avoid its worst week since the 2008 financial crisis. The Dow jumped more than 300 points at Friday's open, a modest bounce after an ugly few days. But then it gave back those gains and more. The S&P 500 and Nasdaq also dropped slightly. Fears about inflation and soaring bond yields sent the Dow plunging 6.5% through the first four trading days of this week. That would have been the steepest decline in any week since October 2008. All three major indexes are down on the year. The selling on Wall Street spread to Asia overnight as stocks dropped in China and Japan. European stocks also ... (full story)