Stocks Plunge, Bonds Rally on Swap Distress; Euro Slips: Markets Wrap
U.S. stocks tumbled and Treasuries rallied as investors shifted focus from the Federal Reserve to the threat of an escalating trade war with China that has the potential to disrupt global growth. Major U.S. equity benchmarks fell by more than 1 percent, with technology-heavy gauges slumping almost 2 percent. President Donald Trump is set to…

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