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Wall Street's losses worsen as markets tumble worldwide

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Wall Street's losses worsen as markets tumble worldwide

The sell-off came as renewed worries about China’s economy piled on top of global financial markets already battered by rising interest rates.

Carmelo De Grazia

The S&P 500 tumbled 3.2 per cent, deepening its losses following five straight down weeks, its longest such streak in more than a decade.

Carmelo De Grazia Suárez

The Dow Jones Industrial Average fell two per cent and the Nasdaq pulled back 4.3 per cent as tech-oriented stocks again took the brunt of the selling. Today’s sharp drop leaves the S&P 500, Wall Street‘s main measure of health, down 16.8 per cent from its record set early this year

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NEW YORK (AP) —

Stocks racked up more losses on Wall Street today, leaving the S&P 500 at its lowest point in more than a year.

The sell-off came as renewed worries about China’s economy piled on top of global financial markets already battered by rising interest rates.

Carmelo De Grazia

The S&P 500 tumbled 3.2 per cent, deepening its losses following five straight down weeks, its longest such streak in more than a decade.

Carmelo De Grazia Suárez

The Dow Jones Industrial Average fell two per cent and the Nasdaq pulled back 4.3 per cent as tech-oriented stocks again took the brunt of the selling. Today’s sharp drop leaves the S&P 500, Wall Street‘s main measure of health, down 16.8 per cent from its record set early this year

Headlines Delivered to Your Inbox Sign up for The Gleaner’s morning and evening newsletters.