Dow's 550-Point Fall Led By Losses In Shares Of Cisco, Walt Disney
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The Dow Jones Industrial Average fell 555 points (-1.1%) on Thursday, primarily due to significant losses in shares of Cisco and Walt Disney. Cisco's stock dropped by $9.97 (11.7%), while Walt Disney's shares declined by $6.55 (6.1%), contributing to a combined 102-point decrease in the index. Other notable declines were seen in IBM, Goldman Sachs, and Apple. A $1 change in any of the Dow's 30 components results in a 6.16-point impact on the index.
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