8/20/2015, 4:30 PM (Source: TeleTrader)
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U.S. stocks rapidly falling: Dow, Nasdaq and S&P all down over 1.2%

U.S. stocks started off lower at market open on Thursday as oil dropped and the situation remains uncertain around the timing of interest rate increase, which the Fed minutes pointed to on Wednesday. Crude oil decreased below $40 a barrel on Thursday, reaching a six-and-a-half-year low, while Brent crude was down 1% at less than $47 a barrel. The Dow Jones Industrial Average plunged 1.29%, losing 200 points, where Disney and Merck were dropping the most, over 4.5%. The Nasdaq Composite went down 1.67%, with Apple also declining over 1.6%. The S&P 500 traded down 1.22%. The dollar slightly weakened against other major currencies but strengthened against euro above $1.11. Gap, Hewlett-Packard and a number of other companies are to publish their earnings after the market close later in the day.

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