Stock Market `Needed Correction': Canaccord's Dwyer

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July 31 (Bloomberg) -- Tony Dwyer, an equity strategist and managing director at Canaccord Genuity Securities LLC, talks about today's decline in the U.S. stock market. The Dow Jones Industrial Average erased gains for the year, losing 317.06 points, or 1.9 percent, to 16,563.30. Dwyer speaks with Cory Johnson on Bloomberg Television's "Taking Stock." (Source: Bloomberg)

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