New York
The S&P 500 is down 1.4% in early trading, heading for its worst fall since late September and solidly lower for the week.
The Dow Jones Industrial Average fell more than 800 points, and the Nasdaq composite is also dropping at the open. Travel and energy stocks are among the biggest losers, with Royal Caribbean, Carnival and Norwegian Cruises all off about 10%. The New York Stock exchange closes early at 1 p.m. Eastern.
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