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Stocks, Bonds Tumble After Economic Data Release

·1 min

Worries about slowing economic growth and sticky inflation drove declines across stocks and government bonds. A drop in shares of a bellwether stock helped push the Dow Jones Industrial Average down more than 300 points, or 1%. The S&P 500 lost 0.5%, while the Nasdaq Composite shed 0.6%, pulled down by a tech company.