Dow Jones industrials plunge 1,000 points

FILE -- American flags fly at the New York Stock Exchange on Wall Street, Monday, July 6, 2015. (AP Photo/Mark Lennihan) (AP)

Dow Jones industrials plunged 1,000 points Thursday afternoon, bringing the index down 10 percent from the record it reached two weeks ago

Just before that plunge, the Dow Jones industrials were down 800 points.

Stocks started to fall in early trading and extended their losses throughout the morning.

The market's turmoil began last Friday and has continued this week as investors worried about early signs of inflation.

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Analysts have also been saying the market has gotten much too expensive after a huge run-up over the last year and has been long overdue for a pullback.

The Standard & Poor's 500 index gave up 77 points, or 2.9 percent, to 2,603.

The S&P 500 is down 9.3 percent from the record high it set January 26.

The Nasdaq composite lost 212 points, or 3 percent, to 6,838.

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