Economics
U.S. Stocks Erase Year’s Best Rally on Growth Concerns
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The Standard & Poor’s 500 Index plunged the most since April, erasing its biggest rally this year, on concern that slowing growth in Europe will hurt the American economy as the Federal Reserve ends its bond purchases.
All 10 of the main S&P 500 groups dropped at least 0.9 percent. Energy stocks plunged 3.7 percent to pace losses as U.S. crude slipped into a bear market. Materials producers sank