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European, US Stocks Fall on Global Bank Worries

washington – Stock markets in Europe and the U.S. tumbled Wednesday as investors worried about the stability of global banking systems in the immediate aftermath of the collapse of two American banks.

Major stock indexes in London, Paris and Frankfurt all plunged by more than 3% while three key U.S. indexes – the Dow Jones Industrial Average of 30 key stocks, the broader S&P 500 index and the tech-heavy Nasdaq in