Nasdaq plunges, S&P erases gains for the year

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U.S. stocks tumbled again on Wednesday, confirming a correction for the Nasdaq and erasing the Dow and S&P 500’s gains for the year, as disappointing forecasts from chipmakers and weak home sales data fueled worries about economic and profit growth.

Read more at : http://feeds.reuters.com/~r/reuters/USVideoBusiness/~3/SaB0Rbp96NI/nasdaq-plunges-sp-erases-gains-for-the-y

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