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U.S. stocks decline despite upbeat data

Xinhua, May 18, 2016 Adjust font size:

U.S. stocks suffered big losses Tuesday, as Wall Street digested a string of economic reports that supported the case for a rate hike later this year.

The Dow dropped 1.02 percent, and the S&P 500 lost 0.94 percent, while the Nasdaq tumbled 1.25 percent. Endit