Wednesday, 3 August 2011

Stocks retreat, with S&P down 2.6 percent as weak economic signs overshadow debt bill passage

NEW YORK — A sell-off erased this year’s gains in the stock market Tuesday as investors grew increasingly concerned about the economy. The Standard & Poor’s 500 — the benchmark for most U.S. mutual funds — lost 2.6 percent and fell to its lowest point of the year. It is down 0.3 percent ...

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