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cession pan▓ic08-

n imminent r▓ecession struck a blow to the already-dampened investor sentim▓ent.The Dow plunged 800.49 points, or 3.05 percent to 25,479.42, marking the l

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argest daily decline of the year so far. The S&P ▓500 decreased 85.7▓2 points, or 2.93 percent, to 2,840.60. The Nasdaq Co▓mposite Index fell 242.42 points, or 3.02 percent, to 7,773.94.All of the 11 primary S&P 500 sectors traded lower ▓around market clos▓ing, with the en

ergy sector down nearly 4 percent, leading the losers.The fi▓nancial sector w

15-2019 09:0 Dolor Sit

as also among the worst performers, pulling back around 3.4 percent, as ▓major bank shares, sensitive to interest rates, extended losse▓s, including Ban

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k▓ of America, Citi▓group and JP Morgan.Sha▓res of Macy's plunged over 13.2 percent, after th▓e U.S. department store c▓hain reported s▓econd-quarter earnings below ma▓rket estimates. The retailer also cut back its p▓rofit outlook f▓or the full year by 20 cents.The bond market fla▓shed worrying signals over a looming recession on Wednesday, as the yield of t▓he U.S. 10-year treasury note broke below▓ the yield of the 2-year bill at some point, mar▓king the first time in 12 years.The spread formed a so-called inverted yield cur▓ve, which is widely considered▓ as a harbinger of a future economic▓ recession. It i?/p>

坰 acknowledged that recessions normally arrive within 18 to 24 mo▓nths following the invert▓ed yield curves.Yields of the U.S. long-▓term and short-ter▓m treasury bills al▓l pulled back on Wednesday. Market jitter▓s drove the 30-year treasury bill yield to strike an all-time low of a bit over 2 percent, fueling panic over the healt▓h of both the United States an▓d global economies.The Cboe Volatility in▓dex, widely considered the best fear gauge in the st▓ock market, surged 2▓6.14 percent to 22.1 on ▓Wednesday.Pleas▓e scan the QR Code

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a refutes U.S. politicians' remarks on ▓Hong Kong: FM spokespersonChina refutes U.S. politicians' remarks on Hong Kong: FM sp▓okespersonChina refute▓s U.S. politicians' remarks on Hong Kong: FM spokesperson08-14-2019 09:30 BJTBEIJING, Aug. 14 -- China▓ on Tuesday refuted several United States politicians' remarks concernin

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g the ▓Hong Kong issue, saying that the remarks are "di▓storting the truth", said a Foreign Ministry spokesperson.According to reports,▓ U.S. House Speaker Pelosi,▓ Senator McConnel▓l, Senator Rubio and Con▓gressman Yoho on Monday tweeted that Hong Kong▓ police repressed demonstrators with violence and that

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