Associated Press
A trader works on the floor of the New York Stock Exchange, Thursday, June 21, 2012 in New York. A quiet start on Wall Street quickly turned into a rout Thursday as the bad news piled up including†the Philadelphia branch of the Federal Reserve reporting a sharp contraction in manufacturing in the Northeast, the worst since August 2011. The Dow Jones industrial plunged 251 points, the second-biggest drop this year. (AP Photo/Mary Altaffer)

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