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Big Selloff for Blue-Chips Drags U.S. Markets to Worst Week Since September

A late selloff dragged stocks to their lowest prices of the session, erasing all of the gains from a mid-week rally that followed an optimistic assessment of the U.S. economy by Federal Reserve Chair Janet Yellen as investors increasingly worried how rising interest rates here would affect growth elsewhere around the world. Blue-chips as measured by the Dow Jones Industrial Average paced declines following downgrades Friday of component company's Boeing ( BA ) and Disney ( DIS ), dropping over 2.1% today and sinking about 0.8% for the week.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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