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Why Wall Street’s tumble is bad news for Trump

US stock markets fell sharply Wednesday, erasing all gains for the year and muddying one of President Donald Trump’s favourite talking points two weeks before the midterm elections.

  • Brisbane Times
  • The Washington Post

The technology-heavy Nasdaq fell 4.4 per cent Wednesday, its worst one-day drop since the financial crisis.

Tolks 1aThe index has slid more than 12 per cent since the end of August.

The Standard & Poor’s 500-stock index, which tracks a broader group of US companies, has lost $US2 trillion ($2.8 trillion) in value since late September, down 9 per cent.

The Dow Jones industrial average, meanwhile, lost 608 points Wednesday and…

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