Stock market plummets more than 530 points, its worst one-day drop since 2008

August 21, 2015 8:05 PM

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U.S. stocks fell sharply for the second straight day Friday along with major indexes worldwide as continued worries about the slowdown of China’s economy and the devaluation of its currency weighed on traders.

The blue-chip Dow Jones industrial average plummeted 530.94 points -- its worst one-day drop since November 2008 -- to 16,459.75.

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