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February 3, 2016

Dow drops 295 points

NEW YORK (AP) — Another steep drop in the price of oil weighed on global markets Tuesday. Investors remained deeply concerned about the global economy following this week's disappointing Chinese and U.S. manufacturing data.

Energy stocks fell as oil giants Exxon Mobil and Chevron reported their worst quarterly results in more than a decade. In the technology sector, Google's parent company, Alphabet, overtook Apple as the world's most valuable publicly traded company.


 
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