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Wall Street’s Losses Worsen as Markets Tumble Worldwide

NEW YORK – Wall Street is tumbling toward its lowest point in more than a year on Monday as renewed worries about China’s economy pile on top of markets already battered by rising interest rates.

The S&P 500 was 2.3% lower in afternoon trading after coming off its fifth straight losing week, its longest such streak in more than a decade. It joined a worldwide swoon for markets. Not only did stocks fall across Eur