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U.S. stocks tumble on downbeat earnings

Xinhua, October 12, 2016 Adjust font size:

U.S. stocks suffered big losses Tuesday as Alcoa Inc. kicked off the third quarter earnings season by missing estimates on both the top and bottom line.

The Dow dropped 1.09 percent, and the S&P 500 lost 1.24 percent, while the Nasdaq slumped 1.54 percent. Endit