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After Sinking as Much as 589, Dow Ends the Day Down 22

There were signs of worry from investors
By Newser Editors and Wire Services
Posted Aug 7, 2019 3:14 PM CDT
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Trader Robert Arciero works on the floor of the New York Stock Exchange, Tuesday, Aug. 6, 2019.   (AP Photo/Richard Drew)

(Newser) – Stocks shook off a big drop and ended little changed on Wall Street, but there were still plenty of signs investors were worried about how the growing US-China trade dispute could hurt the global economy, the AP reports. Bond prices rose and the price of gold jumped to a six-year high Wednesday as investors sought safety. The price of oil slumped almost 5%. Investors were spooked after central banks in New Zealand, India and Thailand cut interest rates to prevent fallout from the trade war from spreading. The Dow Jones Industrial Average sank as much as 589 but recouped nearly all of that loss, ending down just 22 points, or 0.1%, at 26,007. The S&P 500 rose 2 points, 0.1%, to 2,884. The Nasdaq added 29 points, or 0.4%, to 7,862. (Read more stock market stories.)

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