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Update 2: DOW off a cliff: down 230…El-Erian on economic outlook & Santelli & Liesman on the data; Market Mover Friday: Consumer Spending plunges – down 0.5%
Update 3: Closing Bell DOW down 251 to 9710, S&P closed under that 1040 level, losing 30 to close at 1036, NAS down 52 to 2045. Update 3: 309pm EST: we just broke under 3.40 on the 10, 3.39 and…