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Dow rebounds 330 points but suffers worst weekly loss since Jan. 2016

The Dow closed out a turbulent week with a 330-point rebound Friday but still suffered its biggest weekly loss since January 2016, a tumble highlighted by its first official correction in two years. In a week marked by a pair of 1,000-plus point drops, the two worst days in its 121-year history, the Dow Jones industrial average closed up 330.44 points, or 1.4%, at 24,190.90. The swings followed a drop of 10%, or a correction, from the latest record highs set by major U.S. indexes two weeks ago. In a sign of how bad things got, by early afternoon Friday, the market was on pace for its worst weekly tumble since October 2008, at the height of the financial crisis. The Dow ended the week 9.1% off its Jan. 26 high and down 2.1% for the ye ...