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September 27, 2022
A broad slide on Wall Street extended the major indexes' losing streak to a fifth day Monday, deepening a steep market slump amid growing fears of a global recession.
The Dow Jones Industrial Average fell 1.1%, becoming the last of the major U.S. stock indexes to fall into what's known as a bear market. The S&P 500 closed 1% lower and the Nasdaq dropped 0.6%.
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