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NEW YORK (AP) — A bad start to 2016 for the stock market is now even worse. Stocks plunged today, bringing the widely watched S&P index down 10 percent from its November peak. The last time the market had a plunge that big, known as a "correction" on Wall Street, was last August. Energy and consumer stocks bore the brunt of the selling. With crude oil trading near $30 a barrel, many fear more oil and gas companies will go bankrupt. The Dow sank 364 points. The S&P lost 48, and the Nasdaq composite dropped 159 points, or 3.4 percent.
DES MOINES, Iowa (AP) — What if nobody wins? It's possible that none of the tickets being sold today by the millions for tonight's Powerball drawing will have the winning combination. And if that's the case, then the jackpot will grow from $1.5 billion tonight to about $2 billion on Saturday. Lottery officials say about 86 percent of the possible number combinations had been sold by midday today.
TEHRAN, Iran (AP) — Iranian state TV has again run a video clip of a U.S. sailor apologizing for an intrusion into Iranian waters. The sailor was one of ten Navy crew members held for less than a day by Iran. In the footage, filmed before the sailors were released today, the American says: "It was a mistake. That was our fault and we apologize for our mistake." The sailor is not identified by name in the clip but the TV interviewer says he is the "commander" of the group. The U.S. Central Command later said the video "appears to be authentic" -- but that it couldn't speak to "the conditions of the situation or what the crew was experiencing at the time."
PAPILLION, Neb. (AP) — A Nebraska living room was the first stop on President Barack Obama's post-State of the Union road trip today. High school English teacher Lisa Martin wrote to Obama last year expressing concern about the environment and whether her son Cooper would be able to breathe the air without fear of pollution. Obama stopped at Martin's home in suburban Omaha today to chat with her, her husband, Jeff, and others about their concerns. It's part of Obama's tradition of traveling the country the day after the speech.
WORCESTER, Mass. (AP) — Bill Cosby won't have to be deposed next month in a lawsuit accusing him of defaming seven of the women who say he sexually assaulted them. A federal judge today agreed to hold off on that deposition, as Cosby faces criminal charges in Pennsylvania. But his wife, Camille, will be questioned in late February.
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