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Sell-Off Is Sobering Welcome From Wall Street

As Washington celebrated, New York fretted. The Dow Jones industrial average yesterday fell below 8,000, shedding 4 percent, its bleakest performance on any Inauguration Day since the index was started 124 years ago. Nasdaq and the Standard & Poor's 500-stock index both plunged more than 5 pe...

By Binyamin Appelbaum and Heather Landy

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