Markets close below November's low as financials, tech companies fall


Stocks have been lingering near the low point they reached last November since Tuesday as investors fretted over bad economic news. Today, the Dow Jones Industrial Average finally dipped below that level, falling 1.19 percent to 7,466.

The S&P 500 lost 1.2 percent, closing at 779, while the Nasdaq fell 1.71 percent to close at 1,443. Financial companies and tech firms were among the biggest losers.