Stocks plunged Thursday as investors were gripped by fear. The Dow sank 390 points or 3.5%. The Nasdaq and S&P 500 each fell about 3.2%.
The Federal Reserve’s comments about "significant downside risks" coupled with weak manufacturing reports from China and the eurozone sparked a broad sell-off that spilled into copper, oil and gold.
As investors rushed out of stocks, they poured money into bonds, sending the yield on the 10-year Treasury note to a record low.
At this rate, the Dow is on track for its worst week in nearly three years.
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