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Wall Street slumps on euro-zone fears
(Reuters) – Stocks dropped on Thursday, with all major indexes sliding more than 3 percent on growing fears that the euro zone’s handling of its sovereign debt crisis could jeopardize the global economic recovery.
The S&P 500 is now down more than 10 percent from its April
high, signifying a correction. The index is also below its 200-day moving average.
“Europe is causing...