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US indexes in reverse on trade worries

Dec 05, 2018 - City A.M.

WALL Street tumbled more than three per cent yesterday, led lower by bank and industrial shares, as the US bond market sent unsettling 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 posted its biggest single-day percentage drop in about two months, giving b...