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NEW YORK, March 24: Stocks tumbled over 3 per cent on Monday, with the blue-chip Dow average falling more than 300 points as grim TV footage out of Iraq reminded investors the US-led war to topple Saddam Hussein would not be easy and brought last week’s rally to an abrupt halt.
“The reality is starting to set in that war is war,” said Arnie Owen, managing director at Roth Capital Partners. “Anybody that thought it’s going to be over in five days has to think about it again.”—Reuters
