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Taken from CNBC’s Daily Open, our international markets newsletter — Subscribe today

U.S. markets had their worst day since Oct. 10. That marks a sharp reversal for the Dow Jones Industrial Average

, which shed 1.65% to settle at 47,457.22, a day after it closed above 48,000 for the first time. Meanwhile, the S&P 500

lost 1.66% and the Nasdaq Composite