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The Dow's 704-point drop was its worst since July 29.

Walmart reports before the open, with claims and Philly Fed at 8:30.

Third straight S&P loss since Thursday's record. Fed minutes at 2 p.m.

Gold rose anyway, which is not how higher long yields usually work.

Only 8% of consumers expect income growth to beat inflation.

Bid-to-cover slipped to 2.392, under the recent average.