NEW YORK (AP) -- Bonds are rallying and stocks are slumping as investors worry that the price of oil will continue to plunge.<br />
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Crude dropped another $2 to close just below $48 a barrel Tuesday, the lowest price since April 2009.<br />
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The collapse in oil prices has traders worried that the global economy may be slowing. They are also concerned that energy companies could slash their spending and cut jobs.<br />
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The Dow Jones industrial average lost 130 points, or 0.7 percent, to 17,371. That's on top of a 331-point drop the day before.<br />
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The Standard & Poor's 500 index fell 18 points, or 0.9 percent, to 2,002. The Nasdaq composite fell 59 points, or 1.3 percent, to 4,592.<br />
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Bond prices rose. The yield on the 10-year Treasury note fell sharply, to 1.95 percent.
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