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Dow drops 300 points after Mnuchin backs out of Saudi summit


The jittery stock market is once again heading south.
The Dow lost as many as 392 points, or 1.5%, on Thursday, with selling accelerating after Treasury Secretary Steven Mnuchin backed out of a conference in Saudi Arabia. The index was recently down about 275 points.
Tech stocks fell sharply, sending the Nasdaq tumbling about 1.5%. Netflix declined 3%, while Facebook and Alphabet lost about 2% apiece.
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