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U.S. stocks dropped Wednesday, with the Dow Jones Industrial Average tumbling more than 200 points, after crude oil inventories surged to an 80-year high. The global markets were also weighed down on an earnings miss from investment giant JPMorgan Chase & Co. and a Commerce Department report showing that U.S. retail sales missed forecasts. JPMorgan's shares fell more than 4 percent after the company's earnings release.
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