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Jan. 4, 2021, 12:25 p.m. EST

Dow knives 2% lower in 2021 toward worst daily drop in over 2 months amid selloff in COVID-stricken manufacturing stocks

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By Mark DeCambre

U.S. stocks on Monday turned sharply lower, with the Dow Jones Industrial Average headed for its worst day since late October, amid accelerating cases of COVID-19 and weakness in manufacturing stocks and beverage makers. The Dow /zigman2/quotes/210598065/realtime DJIA -1.30% was down 649 points, or 2.1%, lower at 29,960, on track for its worst one-day slide since Oct. 28, according to FactSet data. The S&P 500 index /zigman2/quotes/210599714/realtime SPX -1.89% was trading 2.2% lower at 3,673, while the Nasdaq Composite Index /zigman2/quotes/210598365/realtime COMP -2.72% retreated 2.4% to start trade in 2021. Shares of Coca-Cola Co. /zigman2/quotes/209159848/composite KO -0.49% were trading sharply lower as were those for Boeing Co. /zigman2/quotes/208579720/composite BA -4.09% , both blue-chip components that were weighing on the Dow.

/zigman2/quotes/210598065/realtime
US : Dow Jones Global
34,265.37
-450.02 -1.30%
Volume: 523.88M
Jan. 21, 2022 4:52p
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/zigman2/quotes/210599714/realtime
US : S&P US
4,397.94
-84.79 -1.89%
Volume: 3.20B
Jan. 21, 2022 4:52p
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/zigman2/quotes/210598365/realtime
US : Nasdaq
13,768.92
-385.10 -2.72%
Volume: 5.01M
Jan. 21, 2022 5:16p
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/zigman2/quotes/209159848/composite
US : U.S.: NYSE
$ 60.45
-0.30 -0.49%
Volume: 26.64M
Jan. 21, 2022 4:00p
P/E Ratio
29.74
Dividend Yield
2.78%
Market Cap
$262.44 billion
Rev. per Employee
$472,329
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/zigman2/quotes/208579720/composite
US : U.S.: NYSE
$ 205.44
-8.75 -4.09%
Volume: 11.55M
Jan. 21, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$125.88 billion
Rev. per Employee
$445,376
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