U.S. Stocks Post Biggest Drop Of 2015

By Anora MahmudovaMarketWatch Pulse

U.S. stocks saw a broad-based rout Thursday, led by a selloff in consumer discretionary, technology and energy stocks as investors wrestled with worries about a slowdown in global growth. The main indexes posted their biggest declines this year. The S&P 500 lost 43.88 points, or 2.1%, to 2,035.73, falling below a 200-day moving average, a key technical level. The benchmark index also turned negative for the year, ending 1.1% below its close at the end of 2014. The Dow Jones Industrial Average dropped 358.04 points, or 2.1%, to 16,990.69, its steepest percentage decline since Feb 3, 2014. The Nasdaq Composite ended the day down 141.56 points, or 2.8%, to 4,877.49, its steepest one-day decline since April 10, 2014.

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