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Today you have it; tomorrow you haven't; Wall Street rides to the south

FXStreet (San Francisco) - Wall Street erased on Thursday its best day of the year as the market collapsed more than 2.0% and lost all Wednesday's gains as energy sector dragged indexes to the south.

Investors were concerned about global concerns and Eurozone recovery. Risk aversion as market players diminished good US fundamental data and upbeat earnings report. Today was the worst day since February 3 in the DJIA; since April 10 for the S&P and since July 31 for the Nasdaq Composite.

The DJIA collapsed 334.97 points or 1.97% to finish the day at 16,659.25; the S&P 500 fell 40.68 pts or 2.07% to 1,928.21; while the Nasdaq lost 90.26 pts or 2.02% to 4,378.34.

Oil prices collapsed to $84.99, its lowest level since November 2014 while the gold posted a high of $1,233 but it retraced to close at 1,223.90.

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