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Dow Jones plunges 800 points as tech stocks tumble

Daily Mail
Dow Jones plunges 800 points as tech stocks tumble

The Dow Jones Industrial Average has plunged more than 800 points, its worst drop in eight months, led by sharp declines in technology stocks. Rising bond yields have been drawing investors out of the stock market, and the best-performing stocks over the past year took some of the biggest losses on Wednesday. Amazon lost 6.2 per cent and Netflix gave back 8.4 percent. The Dow and the S&P 500, the benchmark for many index funds, both lost more than 3 per cent, and the NASDAQ fell more than 4 per cent. After a long stretch of relative calm, the stock market has suffered sharp losses over the last week as bond yields surged.  The 10-year yield is currently 3.20 percent, the highest in than seven