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Wall Street drops as banks tumble again

Por: Los Angeles Times Business May 02, 2023

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Stocks slumped Tuesday as shares of beleaguered banks tumble again and worries worsened about the economy. Rising fear sent yields sinking in the bond market, while Wall Street waited for the Federal Reserve’s latest move on interest rates and Washington edges closer to what would be a catastrophic default on U.S. government debt. The Standard & Poor's 500 fell 1.2% after paring a steeper loss. The Dow Jones industrial average dropped 367... + full article



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