Dow’s big drop after a record close is fairly rare. How doubts about December rate cut are weighing on Wall Street.

Stocks were swept up in a broad-based selloff on Thursday. - AFP via Getty Images It was an unusually rough day on Wall Street. Major U.S. equity indexes, including the S&P 500 index, Nasdaq Composite Index, Dow Jones Industrial Average and Russell 2000 index, all tallied their worst percentage-point declines since Oct. 10 on Thursday, Dow Jones Market Data showed. Most Read from MarketWatch The Dow DJIA dropped nearly 800 points, or 1.7%, to close at 47,457.22, while the S&P 500 SPX fell 113.43 points ...