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Wednesday brings another nasty start to Wall Street




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"August swoon resumes on Wall Street," proclaims CNBC's headline as Dow plunged more than 500 points early Wednesday as feared investors dumped stocks and pushed money into bonds. The Dow is down to about 510 points as of this writing. Bond prices continued to rise sharply, sending returns to the lowest level in almost three years. The 10-year return fell to 1.62% from 1.74% late Tuesday, a big move, AP reports. Markets have been unstable this week after Washington and Beijing stepped up efforts in the trade war. China allowed its currency to weaken after the US said they would raise more tariffs on Chinese goods. (Read more stock market stories.)

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