A broad slide on Wall Street extended the major indexes' losing streak to a fifth day Monday, deepening a steep market slump amid growing fears of a global recession.
The British pound dropped to an all-time low against the dollar and investors continued to dump British government bonds in displeasure over a sweeping tax cut plan announced in London last week. People are also reading… In the U.S., stock indexes have been losing ground, coming off their fifth weekly loss in six weeks.
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