U. S. stock prices fell sharply during the past months. The Dow Jones Industrial Average (DJIA) and the S&P 500 indices both fell 5.2 percent, while the NASDAQ fell 5.1 percent for the week—the worst weekly stock performance in two years. At one point the S&P 500 was 12 percent lower than its all-time high (10 percent is considered to be a correction). Market volatility, as measured by the VIX index, jumped to as high as 50, compared to less than 14 at the end…
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