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Wall Street drops two percent, spooked by growth and trade worries


By Lewis Krauskopf(Reuters) - Wall Street tumbled more than 2 percent on Tuesday, led lower by bank and industrial shares, as the U.S. bond market sent worrisome signs about economic growth and investors worried anew about global trade.A prominent Federal Reserve official's comments about the path of interest rate hikes added to the uncertainty for investors, as did setbacks for Britain's plans to leave the European Union.The S&P 500 was on pace for its biggest single-day percentage drop in about six weeks, giving back some gains from Monday and a week earlier, when the benchmark index ...

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First Published: Wed, December 05 2018. 02:26 IST