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Oct 26, 2018

US Stocks Fall Sharply in Friday Trading, Erasing Recent Gains

U.S. stock market indexes fell sharply in Friday's trading as investors worried about faltering growth, rising interest rates, trade tensions, and weak profit outlook for major tech companies. The S&P 500 fell 2.5 percent, the Dow was off by two percent, and NASDAQ, home to many tech stocks, plunged 3.5 percent in early trading. Key European indexes also dropped around two percent.  Hong Kong's Hang Seng was off a bit more than one percent, while Japan's Nikkei moved down four-tenths of a percent. The U.S. losses erased Thursday's rally in stock prices, and continued a downward slide in volatile trading that has seen the benchmark S&P 500 fall 10 percent from its high point in September. The market turbulence comes at the same time as U.S. unemployment is low, and reports show growth and consumer confidence are strong.    
by webdesk@voanews.com (Jim Randle) via Economy - Voice of America

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