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Recent Stock Market Declines Continue

Traders worry about a trade war and slower economic growth
By Newser Editors and Wire Services
Posted Dec 7, 2018 3:19 PM CST
A trader works on the floor of the New York Stock Exchange.   (AP Photo/Richard Drew, File)

(Newser) – Stocks dove again on Wall Street, extending recent declines, as traders worry about a US-China trade war and slower economic growth, the AP reports. Major US indexes ended a tumultuous week down more than 4% Friday, marking the worst weekly decline since March. The Dow Jones Industrial Average plunged more than 500 points Friday, bringing its weekly drop to more than 1,000. Traders have been worried about worsening trade relations between the U.S. and China, the world's two biggest economies. Those worries took a turn for the worse this week with the US-ordered arrest of a senior Chinese technology executive. The Dow fell 558 points, or 2.2%, to 24,388. The S&P 500 lost 62 points, or 2.3%, to 2,633. The tech-heavy Nasdaq fell 219 points, or 3%, to 6,969. (Read more stock market stories.)

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