Dow Drops More Than 300 Points as Markets Go Into a Tailspin
The benchmark Dow Jones Industrial Average dropped more than 300 points Thursday, continuing a three-day streak of triple-digit swings that has investors' heads spinning. Thursday's fall was the worst point loss in more than a year and the worst percentage loss since February. It was sparked by concerns over global economic growth after Germany reported that exports dropped 5.8 percent in August. It was the biggest decline in exports from Europe's largest economy since January 2009.