US stocks post worst day of the year after China devalues its currency
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Dow Jones futures tumbled late Monday, along with S&P 500 futures and Nasdaq futures, after the U.S. declared China a “currency manipulator” following Beijing’s yuan devaluation Monday. That yuan devaluation, in response to new tariffs from President Donald Trump, sent global stock markets plunging Monday. Microsoft stock, Apple stock, Amazon stock, Facebook stock and AMD stock all showed notable losses overnight as the China trade war continued to escalate.

But Dow Jones futures pared losses somewhat after the People’s Bank of China set its currency fixing a little stronger than expected.

US stocks post worst day of the year after China devalues its currency

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