Wall Street sinks, S&P below support level
NEW YORK (Reuters) – Stocks fell in a broad and steep decline on Tuesday, with the S&P 500 dropping for a fifth day to break under a key support level. The industrial and materials sectors represented the stocks suffering the biggest drops. More than four-fifths of the stocks traded on the New York Stock Exchange slid, while about 80 percent of Nasdaq-listed shares declined. The three major U. S. stock indexes fell more than 1 percent in midday trading, with the S&P 500 sliding below its 50-day moving average of 1,372. 30. . . .
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