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Dow Falls Over 500 Points in Turbulent Day for Stocks, Banks and Energy Companies Battered

Dow Falls Over 500 Points in Turbulent Day for Stocks, Banks and Energy Companies Battered

The Dow Jones Industrial Average dropped 546 points, a 2.13 percent decline.

Three of the biggest American banks–JPMorgan Chase, Citigroup, and Wells Fargo–will report their third-quarter results Friday.

Their stocks declined Thursday, with J.P. Morgan Chase falling 3 percent, Citigroup dropping 2.2 percent, and Wells Fargo sliding 1.9 percent.

The broader financial sector was the second worst of the S&P’s 11 sectors, with energy the worst.

In the final hours of trading, stocks appeared to be staging a comeback after news broke that President Donald Trump would meet with China’s dictator in November.

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