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Dow plunges below 25,000
The Dow Jones Industrial Average, the stock market index of 30 major US companies, dropped 1,175 points on Monday, closing at 24,345. The index closed on a down note for the second straight day, having posted a 666-point drop on Friday, amid investor fears that the Federal Reserve could double the interest rates this year. The Dow had reached the record 26,000-point mark on January 17.
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