U.S. Stock Market Wrap

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Aug. 2 (Bloomberg) -- Bloomberg's Deborah Kostroun reports on the performance of the U.S. equity market today. U.S. stocks tumbled, erasing the 2011 gain for the Standard & Poor’s 500 Index, after an unexpected decline in consumer spending increased concern that growth in the world’s largest economy is faltering. Bloomberg's Pimm Fox also speaks. (Source: Bloomberg)

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