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A 300-Point Decline On The Dow Results From Negative China Statistics

Stocks dropped on Tuesday as Wall Street was under pressure from worries about the status of the world economy and a reduction in the value of the banks.

A 306-point decline, or 0.8%, occurred in the Dow Jones Industrial Average. By 0.9% and 0.8%, respectively, the S&P 500 and Nasdaq Composite both declined.

As a result of China’s unexpected rate cut and the country’s central bank’s dismal data, sentiment was negative throughout the world.

Source (CNBC)

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