NEW YORK (AP) — U.S. stocks are slumping on Thursday, hurt by drops for midsized banks as worries flare about the loans they’ve made.

The S&P 500 fell 0.7% in its latest up-and-down day after erasing a morning gain. The Dow Jones Industrial Average was down 284 points, or 0.6%, as of 2:45 p.m. Eastern time, and the Nasdaq composite was down 0.7%.

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