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NEW YORK — Stock investors were hit from all sides in January.
Concerns about the global economy and US company earnings, as well as turmoil in emerging markets, led the Dow Jones industrial average to its worst start since 2009. However, many investors remain hopeful that the problems will not spill over into the rest of 2014.
They even see the downturn as healthy, given the US market’s rapid rise last year.
The Dow slid 5.3 percent in January while the Standard & Poor’s 500 index fell 3.6 percent and the Nasdaq composite declined 1.7 percent.
Investors entered the year with some degree of skepticism and nervousness. The stock market went basically straight up in 2013. The S&P 500 index ended 2013 with a gain of nearly 30 percent, its best year since 1997.