Economics
S&P 500 Slides to Cap Worst Three-Day Drop Since 2011
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U.S. stocks sank, erasing earlier gains and capping the worst three-day loss for the Standard & Poor’s 500 Index since 2011, as investors weighed prospects for slowing global growth and the spread of Ebola.
Halliburton Co., Dow Chemical Co. and Merck & Co. lost at least 4.3 percent to pace declines in energy, commodity and health-care companies that led the market lower. Spirit Airlines Inc., United Continental Holdings Inc. and American Airlines Group Inc. sank more than 7 percent as the Bloomberg U.S. Airlines Index extended its loss since Sept. 2 to 22 percent.