Stock Market

Stocks Drop; Dow Down More Than 300

Weak reports on manufacturing and construction spending

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Stocks were down sharply in early afternoon trading as Wall Street struggles to shake off the first down January for the Dow Jones industrial average and the Standard & Poor's 500 since 2010.

Weaker reports on U.S. manufacturing and construction spending brought fresh concerns about the economy.

Investors were also disappointed in auto sales from General Motors and Ford.

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