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Dow closes nearly 500 points lower as investors fear the US economy is faltering

  • U.S. Stocks fell sharply after weak data raised concerns about the economy, with the Dow closing down 514 points, or 1.2%.
  • First-Time applications for jobless benefits rose to 249,000, the highest since last August, according to the Labor Department.
  • The unemployment rate reached 4.1%, marking the highest level in over two years, with indications of a slowing labor market.
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Bias Distribution

  • 59% of the sources lean Left
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