Wall Street in sharp 2% slump

US stocks close out worst day since February as weak earnings, Argentina default weigh.

US stocks ended July with a more than 300-point selloff for the Dow Jones Industrial Average, a swoon that snapped a five-month winning streak for the broader market.

Traders said there was no single catalyst for the stumble, though selling started early and accelerated into Thursday's closing bell, dragging the Dow into negative territory, down 0.1%, for 2014.


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