Dow slumps 240 points on concerns the market's rally has gotten overextended | Markets Insider

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Dow slumps 240 points on concerns the market's rally has gotten overextended

retreated on Tuesday as investors took profits and weighed whether recent gains match the pace of the ongoing economic recovery.

Stocks that led recent sessions' upswings — including Carnival Cruises, United Airlines, and Simon Property Group — declined. That comes after travel and retail stocks tore higher on Monday as investorsHere's where US indexes stood shortly after the 9:30 a.m. ET market open on Tuesday:

 

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240 points is not a slump. It's not even a blip.

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