Pursuits
Global Stocks Tumble on Inflation Data as AmEx Retreats
European Stocks Extend First Week of Losses
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U.S. stocks tumbled the most in three weeks as American Express Co. slid, data signaled U.S. inflation was starting to firm and Chinese regulators tightened rules. Treasuries rose as oil retreated for the first time in seven days.
The Dow Jones Industrial Average slumped 1.5 percent at 4 p.m. in New York, with all 30 components declining. The Standard & Poor’s 500 Index lost 1.1 percent as American Express retreated 4.4 percent. The Stoxx Europe 600 Index slid 1.8 percent, the most in three months, as banks fell amid renewed concern over Greece’s debt negotiations. The rate on 10-year Treasuries dropped 3 basis points to 1.86 percent. Oil slipped