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Fears over China and Greece hammer US stocks for 2nd day

Posted at 3:55 PM, Aug 21, 2015
and last updated 2015-08-21 17:48:09-04

NEW YORK (AP) — The Dow Jones industrial average is down more than 500 points in afternoon trading as the market sell-off accelerates.

The plunge is being driven by fears about China's slowing economy, which is also driving oil to below $40 per barrel for the first time since the financial crisis.