Dow drops 200 points on lackluster economic news

By The Associated Press

Published October 1, 2014 5:09pm ET

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Dow drops 200 points on lackluster economic news — FILE - In this May 11, 2007, file photo, a Wall Street sign is mounted near the flag-draped facade of the New York Stock Exchange. Stocks are heading lower in early trading Wednesday, Oct. 1, 2014, putting the market on course for its third loss in a row. (AP Photo/Richard Drew, File) | Richard Drew

NEW YORK (AP) — Stocks are slumping in early afternoon trading, putting the market on course for its third straight day of losses.

The Dow Jones industrial average dropped 203 points, or 1.2 percent, to 16,839 as of 12:54 p.m. Eastern time Wednesday.

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