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Wall Street falls on geopolitical tensions, recession fears

WorldNews Monday, 12 August 2019 ()
Wall Street falls on geopolitical tensions, recession fearsNEW YORK — U.S. stocks dropped in a broad sell-off on Monday as simmering geopolitical tensions spooked equity investors and drove a bond market rally while the protracted U.S.-China trade war stoked fears of impending recession. All three major U.S. stock indexes closed sharply lower in light trading, with little to soothe market jitters over Hong Kong protests, Argentine President Mauricio Macri’s primary election defeat, and the U.S.-China tariff dispute that has rattled markets for months. “The stock market’s selling off because the bond market is rallying like...
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News video: Geopolitical worries sink stocks

Geopolitical worries sink stocks 01:14

Stocks on Wall Street dropped more than 1% Monday as geopolitical tensions spooked equity investors while the U.S.-China trade war stoked fears of an impending recession. Fred Katayama reports.

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