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Stockreport

Stocks Plunge, as Fresh Tensions With China Batter Tech Shares [The New York Times]

JP MORGAN CHASE (JPM)  More Company Research Source: The New York Times
Last jp morgan chase earnings: 10/12 06:46 am Check Earnings Report
PDF Image Traders on the floor of the New York Stock Exchange. Stocks recorded their steepest drop in eight months Wednesday. Credit Credit Spencer Platt/Getty Images By Matt Phillips Oct. 10, 2018 Stocks suffered their steepest drop in eight months on Wednesday, as investors continued to digest rising interest rates and previously high-flying tech shares tumbled amid growing tensions with China. The Standard & Poor’s 500-stock index dropped 3.3 percent, bringing the broad equity benchmark down 4.4 percent for the month. The yield on the 10-year Treasury note, a key measure of borrowing costs, inched up to more than 3.24 percent during the trading day before declining. Wednesday’s tumble marked the fifth-consecutive daily decline for the S. & P. 500, the longest string of down days since November 2016, according to research from Bespoke Investment Group. And the day’s drop was the sharpest since a market sell-off in February. Then, like now, concerns about [Read more]

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