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Dow Falls Nearly 400 Points

Wall Street's 2-week slide continues
By Newser Editors and Wire Services
Posted Aug 12, 2019 3:18 PM CDT
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Specialist Anthony Matsic works at his post on the floor of the New York Stock Exchange, Monday, Aug. 12, 2019.   (AP Photo/Richard Drew)

(Newser) – Banks and technology companies led stocks broadly lower on Wall Street, extending a two-week slide brought on by escalations of the trade conflict between the US and China that investors fear will slow down the global economy, reports the AP. The Dow Jones Industrial Average fell almost 400 points Monday. Traders seeking safety shifted more money into US government bonds, sending Treasury prices sharply higher and yields lower. The yield on the 10-year Treasury fell to 1.64% from 1.73% late Friday, a big move. The S&P 500 fell 36 points, or 1.2%, to 2,882. The Dow lost 391 points, or 1.5%, to 25,896. The Nasdaq fell 95 points, or 1.2%, to 7,863. (Read more Dow Jones stories.)

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