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Wall Street stumble amid looming rate increase

Wall Street stumble amid looming rate increase

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12:05pm: US markets trend downward US stocks continued to plummet midday on Tuesday, as investors eyed earnings reports across major US indexes. At noon, the Dow Jones Industrial Average Index shed 1.4%, or 494 points, at 35,418, while both the broader S&P 500 and Nasdaq Composite continued to trade in red, losing 1.4% and 1.8%, respectively.

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