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Market Snapshot: S&P 500 turns negative for 2018 as stocks tumble on trade fears

U.S. stocks fell Thursday, with indexes dropping broadly and volatility spiking as the Trump administration’s plans to announce new trade restraints against China renewed fears about a potential trade war that could dent economic growth.

Investors also digested the latest policy statement by the Federal Reserve and remarks by Chairman Jerome Powell, which offered an unclear signal about the central bank’s policy path, and as Facebook’s troubles weighed on the technology sector.

What are the main benchmarks doing?

The Dow Jones Industrial Average DJIA, -1.51% fell 446 points, or 1.8%, to 24,240. It was on track for its lowest close since early February.

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