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Sunday, May 26, 2024

Dow drops 388 points as US stocks suffer worst loss since March on weak economic data

US stocks plummeted on Tuesday as weak economic data sparked fears of a recession, adding to worries about rates and a government shutdown. The Consumer Confidence Index slid to 103, falling under August’s 108.7 and missing views for 105.5, and a gauge of expectations reached a level usually …

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