Wall Street falls on geopolitical tensions, recession fears

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U.S. stocks dropped in a broad sell-off on Monday as simmering geopolitical tensions spooked equity investors and drove a bond market rally while the protracted U.S.-China trade war stoked fears of impending recession.

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NEW YORK (Reuters) – U.S. stocks dropped in a broad sell-off on Monday as simmering geopolitical tensions spooked equity investors and drove a bond market rally while the protracted U.S.-China trade war stoked fears of impending recession.

The S&P 500 posted 23 new 52-week highs and 22 new lows; the Nasdaq Composite recorded 42 new highs and 170 new lows.

Volume on U.S. exchanges was 6.09 billion shares, compared with the 7.24 billion average over the last 20 trading days.

Reporting by Stephen Culp; additional reporting by Sinead Carew; Editing by Sonya Hepinstall


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U.S. stocks dropped in a broad sell-off on Monday as simmering geopolitical tensions spooked equity investors and drove a bond market rally while the protracted U.S.-China trade war stoked fears of impending recession.

Source: {authorlink}

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