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U.S. Stocks Slump After China Trade Outlook Sours: Markets Wrap

  • S&P 500 tumbled as much as 2.4% before late-session recovery
  • Yen gains on haven demand; Oil drops for first time in 3 days
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Stocks Tumble Most Since January on Trade TensionsMarkets: European Open. (Source: Bloomberg)
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U.S. equities fell by the most since March as investors remained on edge over President Donald Trump’s threat to increase tariffs on billions of dollars of imports from China. Oil dropped and the yen strengthened.