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Wall Street suffered its worst day of the year Thursday, one day after Federal Reserve chairman Ben Bernanke raised fears the central bank may be preparing to wind down its stimulus policies this year.

The Dow Jones industrial average tumbled 353 points, or 2.3%. That marked the biggest one-day point drop since November 2011. Including Wednesday’s losses, the Dow has erased more than 550 points in two days.

Despite the punishing losses, the Dow has seen much darker days. It fell 778 points on Sept. 29, 2008, after Congress rejected a $700 billion plan to rescue the banking industry. (Track the Dow 30)

The S&P 500 sank 2.5% Thursday, logging its biggest percentage drop since November 2011. The Nasdaq sank more than 2.3%.

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