U.S. stocks claw back from an early plunge with boost from report of slower rate hikes

Financial Markets Wall Street

U.S. stocks clawed most of their way back from a deep slide Thursday that at one point had wiped out the market’s gains for the year. An early plunge briefly knocked more than 700 points off the Dow Jones Industrial Average as the arrest of a senior Chinese technology executive threatened to escalate trade tensions between Washington and Beijing.

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