Dow Off 600, Nasdaq Loses 3% as Stocks Careen to Lows of Day in Final Hour

MEANWHILE:

The Dow lost 831 points for the day, its third worst point decline ever.
The S&P 500 saw its worst fall since Feb., and its lowest close since July 11 as it marked 5 consecutive losing sessions.
The Nasdaq tumbled 4% as chipmakers led the slide.
Sears Holdings Corp. (SHLD) fell 14% following a report it has hired advisors to prepare a bankruptcy filing.

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