The U.S. stock market had its worst day in more than seven months, and the Dow Jones industrial average plunged more than 320 points, as reports of sluggish U.S. growth added to worries about the global economy.
Sam Stovall says a lot of orders to sell were piled up, and a a weaker-than-expected manufacturing report that showed a steep drop in factory orders.
S&P in a pull back mode. A correction is defined by a 10-20 percent decline.
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