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11/30/2020, 4:47 PM (Source: TeleTrader)
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Dow drops over 400 pts after month of strong gains

The Dow Jones Industrial Average dropped just over 400 points on Monday, the last trading day of the month of November which saw stocks surge to new all-time highs.

At 10:47, the Dow fell 401 points in New York City after rising over 11% this November. The blue-chip index hit 30,000 points for the first time ever this month, buoyed by optimism surrounding a vaccine for the coronavirus and its impact on economic recovery.

Salesforce was the weakest performer on the Dow, falling over 3.50%. The company's shares have been on the decline following reports it's interested in buying Slack.

Breaking the News / JC