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The Dow Jones Industrial Average slid 165 points, or 1.4%, to 11968, on Tuesday, less than an hour before the closing bell. The blue-chip index is on track for its eighth consecutive decline, which would be its longest since October 2008. It has lost more than 700 points during the skid, dating back to July 22.
Stocks slumped even as the Senate voted to approve legislation to raise the country's debt ceiling and cut the budget deficit by at least $2.1 trillion over the next decade.
Stocks slumped even as the Senate voted to approve legislation to raise the country's debt ceiling and cut the budget deficit by at least $2.1 trillion over the next decade.
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