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May 12, 2021

Dow drops 473 points

NEW YORK (AP) – Banks and energy companies led a broad pullback for stocks Tuesday, knocking the Dow Jones Industrial Average more than 470 points lower and wiping out the market's gains from last week.

The S&P 500 lost 0.9%. That, plus its losses Monday, outweigh the benchmark index's gains last week. The Dow sank 1.4%, its worst day since Feb. 26. Treasury yields mostly edged higher.


 
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