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U.S. stock markets plunged on the news, with the Dow Jones Industrial Average falling by more than 600 points, or 2.4%, for the day.
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The Dow Jones Industrial Average and other major stock indexes plunged Tuesday after Trump administration officials accused Beijing of reneging on commitments it had already made in the talks.
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In a volatile trading session, the Dow Jones industrial average rebounded a day after posting its largest point drop in history. Investors regained their focus on a strong economy and robust profits.
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The stock market continued to lose ground Monday after Friday's steep drop, with the Dow Jones industrial average down nearly 1,200 points — its worst single-day drop.