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Market Snapshot: Stocks suffer biggest one-day loss since Jan. 3 as U.S.-China tariff fight escalates

U.S. stocks closed sharply lower Monday, with the S&P 500 and the Dow logging their worst day since Jan. 3, as China moved to raise tariffs on U.S. goods and take other retaliatory measures after Washington last week increased duties on Chinese imports.

How did the benchmark indexes fare?

The Dow Jones Industrial Average DJIA, -2.38% tumbled 617.38 points, or 2.4%, to 25,324.99 and the S&P 500 index SPX, -2.41% dropped 69.53 points, or 2.4%, to 2,811.87. The Nasdaq Composite Index COMP, -3.41% sank 269.92 points, or 3.4%, to 7,647.02, marking its biggest one-day loss for 2019.

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