Energy and
raw-material companies in the Standard & Poor’s 500 Index led the
selloff, losing at least 2.6 percent as China’s move revived the angst
that sent financial markets into turmoil last summer. Chevron Corp.
declined 3.9 percent, while copper producer Freeport-McMoRan Inc. slid 8
percent. Six of the benchmark’s 10 main industries dropped at least 1
percent.
The S&P 500 lost
1.3 percent to 1,990.40 at 4 p.m. in New York, trimming a drop of as
much as 1.9 percent while sliding to its lowest level since Oct. 6.
Source : Bloomberg
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