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Scripps News

Stock market suffers largest one-day drop since 2020

Scripps News ·
Scripps News
Scripps News

Stocks fell in morning trading on Wall Street Thursday, deepening a slump for major indexes as persistently high inflation continues to weigh on the economy.The S&P 500, the benchmark for many index funds, is coming off of its biggest drop in nearly two years. It fell another 0.9% and is down nearly 19% from the record high it set early this year.