Stocks Close Sharply Lower as Yuan Reels and Trump Jabs at China

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Stocks Close Sharply Lower as Yuan Reels and Trump Jabs at China
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The Dow Jones Industrial Average sank more than 760 points, or 2.9%, in its biggest one-day percentage decline since December

Stocks were pummeled by selling Monday, pushing indexes from New York to Shanghai lower, as the yuan reeled and fresh trade threats between Beijing and Washington raised fears of an economic slowdown.

As of 4 p.m. ET, the Dow Jones Industrial Average fell 766 points, or 2.9%, to 25718. At their low point, during afternoon trading, the Dow industrials had fallen 961 points. The S&P 500 on the day shed 3% and the Nasdaq Composite declined 3.5%, one of their worst days of the year.

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