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New York - Stocks plunged Wednesday as worries about a possible recession rattled a market already worried about whether or not government efforts to rescue the financial system will work.

Investors were wary after a slew of dismal economic reports, comments from Fed officials and a profit warning from JPMorgan Chase, sending major indexes on their way to retesting their Friday lows.

The Dow finished at 8577.91 and is now about 100 points above the low it hit last Friday, having made triple-digit moves in 20 of the past 23 sessions.

The Dow Jones Industrial Average shed nearly 8 percent, or 733.08 points to close at 8,577.00