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Business Latest: Dow sinks by over 300 points

U.S. stocks were hammered on Monday, with benchmark indexes falling through key support levels after a gauge of factory activity disappointed.

Traders work on the floor of the New York Stock Exchange at the end of the trading day, Feb. 3, 2014 in New York, N.Y.
Traders work on the floor of the New York Stock Exchange at the end of the trading day, Feb. 3, 2014 in New York, N.Y.Getty Images

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