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Dow drops 300 points after Mnuchin backs out of Saudi summit

CNNMONEY

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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