U.S. Stocks Slump to Lowest Since August After Retail Sales DataBy
S&P 500 pare losses after earlier falling as much as 3.3%
Nasdaq Composite Index falls to lowest since October 2014
U.S. stocks dropped, with the Standard & Poor’s 500 Index falling to its lowest level since Aug. 25, as the rout in oil persisted and data showing falling retail sales rekindled concern about the health of the economy.
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